April 2014, the SEC’s Office of Compliance Inspections and Examinations issued a Risk Alert regarding its initiative to assess cybersecurity preparedness in the securities industry and noted that it would soon begin to conduct cybersecurity examinations of more than 50 registered broker-dealers and registered investment advisers. A CNBC report today on an extraordinary cyber attack last year against a large hedge fund shows, yet again, why the SEC and investment firms are now taking the issue of cybersecurity so seriously.
via Hedge Fund’s High-Speed Trading Strategy Derailed, Exploited by Cybercriminals – Compliance Week
