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While this new final rule takes effect Aug. 2, the compliance dates are February 2026 for larger entities and August 2026 for smaller ones
"This disproportionately large penalty for failure to report in a timely manner ... suggests to us that the Commission is more concerned with generating large ...
Washington takes cybersecurity seriously, so managers should take it seriously, too, experts say
A metallic padlock laying unlocked on a dark blueprint surface with a red glowing phrase "Security Breach" next to it. This image represents an abstract design in the domain of IT, security, nanotechnology, artificial intelligence or similar advanced technology. The image is a made up 3D concept render.
Amended Reg S-P would require the customer notice of a breach that would have to be “in writing,” either on paper or electronically
"Under these amendments, covered firms will be required to notify customers of breaches that might put their personal data at risk"
SRO warns of fraudulent e-mails purporting to be from FINRA and using e-mail addresses designed to look like they are those of FINRA execs
Financial services will continue to be hit with the symptoms of the cyber threat, including ransomware, account takeovers, identity theft, and data breaches
The last two years have seen the SEC adopt rules providing investors with disclosures on emerging risks like climate control, cybersecurity and SPACs
'Our primary goal is to provide relief'
Commission 'takes its cybersecurity obligations seriously,' Gensler claims

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