The SEC’s Latest Salvo on Cybersecurity Disclosures: A $1 Million Penalty and Cease & Desist Order
On August 16, 2021, the SEC issued an order announcing that it had imposed a civil penalty of $1 million on Pearson plc, a London-based multinational educational publishing and services company, for misleading investors about a 2018 data breach that involved the theft of millions of student records.
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