SEC Releases Results of 2014 Cybersecurity Exam Sweep
On February 3, the Securities and Exchange Commission (SEC) issued a Risk Alert prepared by its Office of Compliance Inspections and Examinations (OCIE) that summarizes the results of a sweep of more than 100 broker-dealers and investment advisers that OCIE undertook in 2014 in order to assess the level of cybersecurity preparedness of the examined firms. A list of questions that OCIE considered in conducting the cybersecurity sweep is contained in an April 15, 2014 alert on OCIE’s Cybersecurity Initiative.
View the full Legal Alert.