An important read for those organizations, their boards and security professionals working in or with SEC registrants. The SEC Director of enforcement Gurbir S. Grewal speaks at an FT Cyber Resilience Summit about the paradigm shift from cybersecurity to cyber…
The SEC has a packed regulatory agenda for H2 2023 and H1 2024, with clarity over when the SEC will release its cybersecurity risk management final rulings. With deadlines set for October 2023. Ted Dziekanowski Rachel V. Rose, JD, MBA…
A breach in financial controls results in Barclays Bank receiving a $200million civil penalty from the SEC, for selling $17 billion of securities in excess to those registered with the commission. #regulation #securitiesandexchangecommission View Original Post
Whistleblower awards can take time to work through the system, in the case of Ericsson 2019 Foreign Corrupt Practices Act settlement with the SEC. Maybe an indication that the SEC and other regulators are willing to focus on both national…
There has been several orders of magnitude more column inches on cyber risk management regulation in 2023 so far, than there was in the same period 2022. No wonder when the EU and U.S ploughing into cyber risk management regulation…
Ted Dziekanowski. Following the previous post. In FY 2022, ‘SEC actions comprising civil penalties, disgorgement, and pre-judgment interest, totaled $6.439 billion including civil penalties, at $4.194 billion, were also the highest on record. Disgorgement, at $2.245 billion, decreased by 6…
While we focus in the fine levied by the Irish data watch dog, spare a thought for Allianz Global Investors(AGI) U.S. On the 22nd May 2023 the Securities and Exchange Commission, under the Securities and Exchange Act of 1934 found…
A very interesting read from the Private Equity sector on the SECs Cybersecurity Risk Management proposal for Investment Advisers, Registered Investment Companies, and Business Development Companies. It makes for a very interesting read, especially the SEC proposal comments page, representing…
Thank you Rachel V. Rose, JD, MBA for cohosting a great CLE session yesterday with attorneys, discussing U.S and EU cyber regulation including the #ONCD national cyber strategy, #securitiesandexchangecommission cyber proposal, #cmmc , #eunis2 #dora , and the #cyberresilienceact. Compliance…
When the Office of Budget and Management wrote OMB A130 in 1985 the intention was to assign responsibility to the OMB Director to develop and maintain a comprehensive set of information resource management policies for use across Federal government. Later complimented by…
