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Browse: Home / 2018 / August / 21 / Cyber Lessons From the SEC? – Lexology

Cyber Lessons From the SEC? – Lexology

By Securities Docket on August 21, 2018, 9:09 am

Public companies worried about cybersecurity risk would be well served to pay attention to a recent crackdown by the U.S. Securities and Exchanges Commission on the use of automated technology to detect investment advisor fraud.

A recent settlement with Ameriprise Financial Services Inc., a registered investment adviser and broker dealer, suggests that the Commission isn’t inclined to look the other way when a technology failure goes undetected. In the world of cybersecurity, does this mean that a company’s blind faith in technology to safeguard its network and sensitive information might open it up to liability?

It’s a question worth considering.

via Cyber Lessons From the SEC? – Lexology.

Posted in Regulatory, Top | Tagged Technology

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