On March 15, 2023, the Securities and Exchange Commission (SEC) announced proposed changes to Regulation S-P (“Reg S-P”) that would impose new cybersecurity incident response.
In this Weekly Roundup Issue. The Securities and Exchange Commission (SEC) proposed changes to Reg S-P to enhance protection of customer information, and reopened the comment period on.
March 15, 2023- Chairman Roger Williams (R-TX) issued a regarding the Small Business Administration's decision to end the collection on purchased Paycheck Protection Program.
<p><span>Today, the Commission is considering amendments to require covered firms to notify their customers of data breaches.</span><a name=" ftnref1" href="https://www.sec.gov/news/statement/gensler-statement-regulation-sp-031523?utm medium=email&utm source=govdelivery# ftn1">[1]</a><span> I support these amendments because, through making critical updates to a rule first adopted in 2000, this proposal would help protect the privacy of customers’ financial data.</span></p>