A massive new Securities and Exchange Commission database faces renewed scrutiny after recent revelations of a cyber-breach. It is also serving as a catalyst for legislative action.
Rep. Warren Davidson (R-Ohio) has introduced the Market Data Protection Act, a House bill that directs the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and Thesys Technologies “to accelerate cyber-security risk controls before collecting data in the Consolidated Audit Trail to prevent future hacker attacks.”
