The U.S. Securities and Exchange Commission (SEC) has opened investigations of multiple companies in recent months examining whether they properly handled and disclosed a growing number of cyber attacks.
The investigations are focused on whether the companies adequately guarded data and informed investors about the impact of breaches, according to two people familiar with the matter who asked not to be named because the probes aren't public.
Target Corp., the victim of a breach last year that allowed hackers to access payment data for 40 million of its customers' debit and credit cards, is one of the companies facing SEC scrutiny, according to company filings.
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