I’ve said it for a long time. It’s imperative that plan sponsors and plan providers wake up about cybersecurity issues. The recent action by the Securities and Exchange Commission (SEC).
Over the past few months, the Securities and Exchange Commission (the "SEC") has taken a number of enforcement actions related to cybersecurity issues broadly, and to data security and privacy.
Daniel I. Stein, Michele Cerezo-Natal and Maura K. McDevitt, of Mayer Brown, discuss recent actions of the SEC's cyber unit, noting the determination to bring actions against the firms that have fallen victim to cyber-fraud and not simply the bad actors who engage in cyber-related misconduct.
UK financial advisers must start taking cyber security more seriously, as it is something the Financial Conduct Authority is likely to get tough on, according to Financial Technology Research Centre founder and director Ian McKenna.
Financial firms must start taking cyber security more seriously, as it is something the UK regulator is likely to get tough on, Financial Technology Research Centre founder and director Ian McKenna has warned. US regulator the Securities and Exchange Commission (SEC) has become increasingly strict with firms which