SEC’s emphasis on cybersecurity policy, stressing the risk of cyberattacks and highlighting the Biden administration’s cross-agency cyber efforts, Chair Gensler outlined six different areas where SEC staff were considering new or revised cyber regulations.
On February 9, 2022, the U.S. Securities and Exchange Commission requested comments to its first-ever cybersecurity risk management rule proposal. The rule is another significant step.
Following the rise of cybercrime and on the coattails of the Federal Trade Commission (FTC), the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System.
In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important and interesting SEC enforcement developments.