The U.S. Securities and Exchange Commission’s investment management division is recommending that financial services firms protect themselves against cybersecurity risks by removing all nonessential software programs, services, usernames and logins from their computer systems, according to an April newsletter.
The SEC’s Investment Management Division said in the guidance update that firms trying to stop hackers should try to more tightly control user credentials and authentication, firewalls and access to sensitive data and networks. Funds and advisers affiliated with other entities sharing common networks should consider whether
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