Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

SEC Exams Reveal Mixed Bag of Financial Firms' Cyber-Security Efforts

Joe Mont | February 3, 2015

Last year, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations examined 57 registered broker-dealers and 49 registered investment advisers in an effort to better understand how they address the legal, regulatory, and compliance issues associated with cyber-security. Now, as promised, OCIE is sharing what it learned.

Among the matters examiners studied were practices for identifying risks related to cyber-security; establishing cyber-security governance, including policies, procedures, and oversight processes; protecting firm networks and information; identifying risks associated with remote access to client information and transfer requests; addressing risks associated with vendors and third parties; and detecting unauthorized activity.

An OCIE risk alert released this week breaks down the findings of the...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.