The U.S. Securities and Exchange Commission plans to bring more cases against investment advisers who do not have policies to prevent hacking, the agency’s enforcement chief said on Thursday.
The SEC is targeting advisers in cyber-related cases that focus on regulatory obligations to keep customers’ information private, said Andrew Ceresney, head of the SEC’s enforcement division.
In September, the SEC slapped St. Louis-based investment advisory firm R.T. Jones Capital Equities with a $75,000 fine, alleging it failed “entirely” to protect clients from a July 2013 cyber attack, later traced to China.
While the firm is small, the origin of the attack and cyber security concerns generated attention. For the full article click here
from cyber security caucus http://ift.tt/1OnG5RM
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