Tag Archives: Securities and Exchange Commission

SEC Urges Investment Firms to Better Prepare for Ransomware Attacks

On May 17, 2017, the SEC’s Office of Compliance Inspection and Examination (“OCIE”) issued a risk alert urging broker-dealers, investment advisors and investment companies to safeguard themselves against ransomware in light of the recent global “WannaCry” ransomware attack that impacted entities in over one hundred countries, including Britain’s health system and major companies such as … Continue Reading

SEC Hints that Enforcement Actions on Lax Cybersecurity Might Be Coming

With the confirmation of Jay Clayton as the Chair of the Securities and Exchange Commission, comments made last month by the Acting Enforcement Director, Stephanie Avakian, regarding the importance of accurate reporting in the area of cybersecurity, and consequences of inaccurate reporting, may get lost.  At a speech last month, Ms. Avakian, on behalf of the … Continue Reading
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