SEC CyberDisclosures At A Glance (2015)

Cybersecurity Disclosures - At A GlanceThe SEC has made clear that there are a number of disclosure requirements that might impose an obligation on an issuer to disclose cyber-risks and cyber-incidents and has discussed certain of those requirements, including disclosures required in risk factors, MD&A, business descriptions, legal proceedings, financial statements and disclosure controls and procedures. . . .

 

SEC Issues Cybersecurity Exam Observations (2015)

SECCyber

On February 3, 2015, the SEC’s Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert summarizing its findings following examination of the preparedness of 57 broker-dealers and 49 investment advisory firms to address legal, regulatory and compliance challenges related to cybersecurity. These examinations grew out of the SEC’s Cybersecurity Examination Initiative which began last year . . .