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A breach at your vendor can become your 8-K. Coverbase helps you know your exposure before it happens.
The SEC's 2023 cybersecurity rules require public companies to describe their risk-management processes annually and to disclose material incidents on Form 8-K within four business days of deciding they're material. The rules count third-party and cloud systems you use, so a vendor incident can trigger your obligation.
CoverbaseSEC | vendor incident
SEC | vendor incident
Incident to materiality review
Vendor notice
Affected service
Decision slot
Agent work
01Link the vendor
02Build the timeline
03Route facts
Facts ready for counsel
Your disclosure team decides materiality.
Who the SEC rules apply to
The rules, adopted by the SEC in July 2023, apply to public companies (SEC registrants). Regulation S-K Item 106 covers annual disclosure of cybersecurity risk management and governance; Form 8-K Item 1.05 covers material incident disclosure. The four-business-day clock starts when you determine an incident is material, not when you discover it. Reduced visibility into a third party's systems doesn't excuse disclosure.
What the SEC rules ask of you
- 01
Annual risk-management disclosure
Describe how you assess, identify, and manage material cybersecurity risks, including from third parties, and how the board oversees them. - 02
Material incident disclosure
File an 8-K describing a material incident's nature, scope, timing, and impact. - 03
A four-business-day clock
Disclose within four business days of determining the incident is material. - 04
Third-party systems count
An incident on a vendor or cloud system you use can be material to you.
Know your third-party exposure before you disclose it
You can't assess materiality on a vendor incident if you don't know what the vendor touches. Coverbase keeps that picture current.
Vendor and data mapping
Know which vendors support which systems and data, so impact is faster to judge.Continuous monitoring
Catch vendor incidents and changes through standing monitoring.Incident-ready records
Pull the vendor facts you need when the four-business-day clock starts.Governance evidence
Support your annual disclosure with documented third-party risk processes.
One platform for third-party risk and security
Explain with confidence
AI shows its reasoning for each recommendation, so you can explain your ratings and findings.
Automate with assurance
Adapt controls and workflows as your program and its regulations change.
How we protect your data
These are the practices behind the supplier records and evidence you keep in Coverbase. Read our security and privacy program.
To request our SOC 2 report or report a vulnerability, email security@coverbase.ai.
Independent review
A SOC 2 Type II audit against the AICPA Trust Services Criteria for security, availability, and confidentiality.Testing and remediation
External penetration tests every year, plus vulnerability scans and static and dynamic application security tests, with findings tracked through remediation.Identity and production access
SSO and SAML with Okta, Microsoft Entra, Google, and other identity providers. Multi-factor authentication is required for production access.Data protection
Data encrypted at rest with AES-256 and in transit with TLS 1.2 or higher.Internal accountability
Access logging, quarterly least-privilege reviews, and required employee security and privacy training.
SEC incident timing questions
Where the event happened is not the same as whether it is material.
Does a vendor breach automatically trigger Form 8-K?
No. Your team assesses the impact on the registrant; a third-party system does not decide materiality by itself.
When do the four business days begin?
Generally when the registrant determines the incident is material, not when it first discovers it. The determination cannot be unreasonably delayed.
Does Coverbase file Item 1.05 disclosures?
We provide vendor context and a timeline. Your company makes the materiality call and files any required disclosure.