The Securities and Exchange Commission has waved through a new, highly anticipated Cybersecurity regime for public companies that requires them to publicly share the news of significant hacks. Whether companies are already prepared for these rules largely depends on their size and existing cybersecurity investments, Kaylee Cox Bankston, a Data, Privacy & Cybersecurity partner, told Axios. "I don't know that I've spoken to any clients who are excited about the rules and say we really need this," Bankston said. "But some are certainly more prepared than others."