The SEC has had a cyber enforcement unit for 5 years, delivering $2billion in settlements. It is in the process of expanding its enforcement team adding 20 staff. Including fraud analysts, investigative staff attorneys, trial counsels, and supervisors. One expects…
The SEC has its own Whistleblower day! Recognizing the efforts of the Whistleblowers, awarding more than $1.3 billion to 278 individuals since the start of the program in 2012. 2021 was a record year returning over $5billion to the government…
A small action by the SEC, but one that adds to the pool of precedence. As it charges both JP Morgan, UBS and Tool station with failures of their identity theft programs under regulation S-ID. A minor financial infraction, charging…
T- Mobile reported to the SEC that it has reached a settlement relating to a class Action Suite, following its 2021 cyber attack and data breach. Agreeing to pay $350Million to fund claims submitted by class members, the legal fees…
The Ukraine-Russian crisis creates material risks for companies that the SEC requires them to assess and disclose. Including cyber. Ted Dziekanowski #securitiesandexchangecommission #cybersecurity #regulation #governace View Original Post
This is an important read. Comments by Commissionaire Hester Peirce of the Securities and Exchange commission (SEC) on the charges bought by them against the Chief Compliance Officer (CCO and Principle) of Hamilton Investment Counsel Jeffrey Kirkpatrick. The settle administrative…
In this quarter’s Security Institute magazine I discuss the changes that forthcoming cybersecuriry legislation will have on U.S, EU and UK companies. Driven by regulators pushing cybersecurity ‘left of bang’. Addressing failures in cybersecurity compliance and pushing cyber into the…
The CISA website has plenty of CSF profiles and an implementation guide for CSF profiles for the Defence Industry Base (DIB). CSF profiles are required by FISMA (and the DoD – DoDi 8510.01) and implemented by the SEC. I wonder…
For those that can get to this article from the Wall Street Journal it is well worth reading. It discuses the challenges ahead for the funding of cyber tech across Series A, B and C and cross over funding. With…
Thank you for sharing Ted Dziekanowski, yet another example of a regulator focusing down on cybersecurity risk management. With Israel’s Capital Market, Insurance and Savings Authority (CMISA) issuing 2 circulars focusing on risk management and cybersecurity risk management across covered…
