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A comment on Oracle customers confirm data stolen in alleged cloud breach is valid. Parent comment

Re:Oracle customers confirm data stolen in alleged cloud bre... by toomuchtodo on Wednesday March 26, 2025 @06:30PM (#43488214)
SEC Fact Sheet: Public Company Cybersecurity Disclosures; Final Rules - https://www.sec.gov/files/33-11216-fact-sheet.pdf
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Re:Oracle customers confirm data stolen in alleged cloud bre... by rodgerd on Wednesday March 26, 2025 @08:02PM (#43488959)
I mean it's true that there's a rule, but at this point in US history I think we have reason to be sceptical that it will be enforced.
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Re:Oracle customers confirm data stolen in alleged cloud bre... by toomuchtodo on Wednesday March 26, 2025 @08:10PM (#43489010)
The SEC selectively enforcing the rule does not prohibit a shareholder suit against the company. "Everything Everywhere Is Securities Fraud" after all.
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Re:Oracle customers confirm data stolen in alleged cloud bre... by devman0 on Wednesday March 26, 2025 @09:41PM (#43489576)
Additionally, while not specific to this SEC enforcement action, corporations also have to think long term, just because this administration is not enforcing laws, doesn't mean the next one can't reach back and do so, the laws are still on the books after all.
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