Well worth a read. Last week the chair of the SEC discussed the importance of cybersecurity with the Financial and Banking Information…

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Well worth a read. Last week the chair of the SEC discussed the importance of cybersecurity with the Financial and Banking Information Infrastructure Committee (FBIIC) and Financial Services Sector Coordinating Council (FSSCC). The importance of the public and private sector working together and the role the SEC plays in regulating the registrants of $100 Trillion capital markets. It provides insights into the thinking of the SEC Chair and the approach the SEC is adopting for cybersecurity oversight and assurance.

Policy
Given the SECs mission, and the evolving cybersecurity risk landscape, when considering work at the SEC, I think about it in three ways:
– cyber hygiene and preparedness;
– cyber incident reporting to the government; and
– in certain circumstances, disclosure to the public.

Our cybersecurity policy work relates to four groups of entities:
– SEC registrants in the financial sector, such as broker-dealers, investment companies, registered investment advisers, and other market intermediaries;
– Public companies;
– Service providers that work with SEC financial sector registrants but are not necessarily registered with the SEC themselves; and
– The SEC itself.

Ted Dziekanowski

#cybersecurity #cybersecurityrisk #cyberrisk #regulation #governance #compliance #sec #securitiesandexchangecommission

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