A very important read from the U.S Securities and Exchange Commission proposing New Requirements to Address Cybersecurity Risks to the U.S. Securities Markets. Cybersecurity risk management proposals that will affect broker-dealers, clearing agencies, major security-based swap participants, the Municipal Securities…
The Harvard Law School outlines the state of enforcement actions by the SEC over the past year. 2022 saw some cyber activity by the SEC enforcing cyber incident disclosures. However following recent events focused on crypto and VC financing 2022…
I’m looking forward to presenting at DSEI Japan this week. Where I will be discussing cybersecurity risk management regulation and regulatory enforcement. Regulation that includes DFARS/ CMMC, the SEC cyber proposal, EU NIS 2 and their impact on the global…
For boards of SEC covered entities this is a demonstration of the oversight and assurance the regulator places over market reporting, in this case cyber incident disclosure. It also demonstrates the challenges boards can face with clarifying and accurately reporting…
Thank you Ted Dziekanowski. With the ONCD announcement last week and the DoJ releasing its evaluation of corporate compliance programs (), it does not feel like chance that we are seeing an alignment between cyber regulation and enforcement regimes. The…
The Securities and Exchange Commission (SEC) are targeting high profile individuals, including celebrities that advertised crypto. In this case fining NBA Hall of Famer Paul Pierce for Unlawfully Touting and Making Misleading Statements about Crypto Securities. In what is likely…
I am surprised that it’s not higher given the challenges organisations face with cyber regulation from the U.S and EU. The SEC proposal like its EU counterparts is not ‘cybersecurity’ regulation, it’s ‘cybersecurity risk management’. There is a significant difference.…
The SECs cyber rules are approaching and we are seeing increased action by the SEC to enforce existing regulations that relate to corporate responsibility, material oversight and assurance. #cybersecurity #cyberriskmanagement theaugustagroup #securitiesandexchangecommission View Original Post
The SEC is addressing corporate responsibility, with a $35mn fine against Activision Blizard. The settled enforcement action comes in the wake of public reports of rampant workplace misconduct at Activision Blizzard, which the Commission believes was not adequately tracked and…
Ted Dziekanowski is the SEC pushing another cybersecurity requirement into the 2023 rule making agenda? We know about the cyber risk governance ruling for fund managers, and investment advisors (3235 AN 08) and 3235 AM 89 for registrants cybersecurity, covered…
