The SEC has now finalized its much anticipated rules for public companies’ cybersecurity disclosures. The final rules, published this month, require disclosure of certain cybersecurity incidents much sooner than under many...more
9/28/2023
/ Cybersecurity ,
Data Breach ,
Data Security ,
Final Rules ,
Form 8-K ,
Privacy Laws ,
Regulation S-K ,
Regulatory Requirements ,
Risk Assessment ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
The SEC’s enforcement action with a leading seller of market data (App Annie Inc.) signals its concern with misleading data use representations. While the data at issue was not “personally identifiable” information, but...more
The SEC recently announced a settlement with Pearson plc where the company has agreed to pay $1 million to settle charges that it misled investors about a 2018 cyber incident. According to the order, Pearson made misleading...more
The SEC recently issued a risk alert warning about using vendors and cloud-based platforms. Many broker dealers and investment advisors are turning to these third parties to store customer data. In its alert, the SEC’s Office...more
6/12/2019
/ Broker-Dealer ,
Cloud Storage ,
Customer Information ,
Data Outsourcing ,
Data Protection ,
Data Security ,
Data Storage Providers ,
Investment Adviser ,
Policies and Procedures ,
Regulation S-ID ,
Regulation S-P ,
Risk Alert ,
Securities and Exchange Commission (SEC) ,
Vendors
For the fourth year running, the Securities and Exchange Commission’s Office continues to list cybersecurity as one of the top enforcement priorities for 2019. As it relates to cybersecurity, the SEC will be focusing on...more
3/28/2019
/ Customer Information ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Data Preservation ,
Data Privacy ,
Data Protection ,
Data Security ,
Data Storage ,
Incident Response Plans ,
Information Security ,
Investment Adviser ,
Policies and Procedures ,
Popular ,
Regulatory Agenda ,
Retailers ,
Risk Assessment ,
Securities and Exchange Commission (SEC) ,
Vendors
Earlier this year, the SEC released cybersecurity guidance addressing, among other things, the risk of insider trading in the event of a data breach. This risk comes in multiple forms, including the intruders trading on...more
6/27/2018
/ Chief Information Officers (CIO) ,
Civil Liability ,
Criminal Liability ,
Cybersecurity ,
Data Breach ,
Department of Justice (DOJ) ,
Disclosure Requirements ,
Equifax ,
Incident Response Plans ,
Indictments ,
Insider Trading ,
Motion to Dismiss ,
Non-Public Information ,
Popular ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Transactions