The latest regulations introduced by the U.S. Securities and Exchange Commission (SEC) in 2023 demand heightened disclosure and management of cybersecurity risks. This underscores widespread deficiencies in how organizations handle cyber risks. Meeting the SEC's mandate to report significant risks resulting from cybersecurity incidents requires strategic action. This presentation will explore key strategies that organizations must adopt to effectively comply with these regulatory mandates. Furthermore, we will discuss an approach utilizing the FAIR Materiality Assessment Model (FAIR-MAM) to systematically evaluate and quantify cybersecurity risks, aligning with the SEC's definition of "material" events.