The SEC and their Cybersecurity
The SEC’s challenges in implementing their own cybersecurity protocols could be similar to your firm.On December 16 th, Commissioner Luis A. Aguilar of the Securities and Exchange Commission (“Commission”) released a public statement titled “ Being a Responsible Steward: Ensuring that the SEC Implements Effective Cybersecurity Protocols for its Data Gathering Efforts.” In the article, he addresses the increased data gathering of the Commission in order to be a “more informed and astute regulator” and to “keep pace with our rapidly evolving markets.” He also addresses the fact that one agency having all of this data increases their risk of a cyber-attack. The following is a list of challenges the SEC is facing mentioned in the article:
- Where to start
- Limited Budget
- Too many cybersecurity products
- People
- Processes
- Products
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