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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-06-29T21:32:00
The No. 1 priority at the Securities and Exchange Commission (SEC) after organizations are impacted by a cybersecurity incident is that investors receive timely and accurate disclosures, according to the agency’s enforcement head.
The SEC understands firms have to make quick decisions when responding to a cyberattack, including around disclosures, said Gurbir Grewal during a speech at a cyber resilience summit on June 22.
“But we cannot lose focus of the fact that those decisions directly impact customers” and might be material to investors, Grewal said. Publicly traded companies, investment advisers, and broker-dealers collect and hold an extensive amount of data about organizations and client accounts, plus personally identifiable information about individuals that’s valuable to bad actors, Grewal said.
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News and analysis for the well-informed compliance or audit exec.
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Our lowest price ($1 per day) for one year.
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2023-08-25T13:40:00Z By Adrianne Appel
Businesses can prepare for the Securities and Exchange Commission’s upcoming cybersecurity disclosure rule by going through it and identifying key gaps in compliance.
2023-08-02T19:57:00Z By Adrianne Appel
The clock is ticking for public companies to put in place policies and practices to meet the requirements of the Securities and Exchange Commission’s newly approved cybersecurity incident disclosure rule.
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The Securities and Exchange Commission finalized its controversial rule requiring public companies to disclose the nature, scope, timing, and impact of cybersecurity incidents deemed to be material within four business days.
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The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
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Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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