FINRA Warns Broker-dealers About Increase in Denial-of-service Attacks
Posted on Jun 22, 2015 in Uncategorized | Comments Off on FINRA Warns Broker-dealers About Increase in Denial-of-service Attacks
FINRA warned broker-dealers last week that several FINRA members have recently been the victims of distributed denial of service (DDoS) attacks from a criminal group known as DD4BC. (In general terms, a DDoS attack bombards a target website with messages in an effort to make the site unavailable to legitimate users.) According to FINRA, DD4BC first sends its target a ransom request for...
New Federal Cybersecurity Threat Tracking Center Launched
Posted on Feb 17, 2015 in Government | Comments Off on New Federal Cybersecurity Threat Tracking Center Launched
The White House has announced the creation of a new federal unit tasked with coordinating the sharing of cyber threat information. No single federal agency is currently tasked with creating assessments of cyber threats and sharing information between existing cybersecurity units of the federal government. The new Cyber Threat Intelligence Integration Center, or CTIIC, is intended to...
SEC and FINRA Exam Priorities
Posted on Feb 3, 2015 in Uncategorized | Comments Off on SEC and FINRA Exam Priorities
In their recent examination priorities letters, both the SEC and FINRA highlighted cybersecurity as an area of focus for 2015 exams. In the SEC letter, the Office of Compliance Inspections and Examinations (OCIE) explained that it will continue its 2014 initiative to examine broker-dealers’ and investment advisers’ cybersecurity compliance and controls, and also plans to expand the...
Senate Holds Cybersecurity Information Sharing Hearing
Posted on Jan 29, 2015 in Government | Comments Off on Senate Holds Cybersecurity Information Sharing Hearing
On January 28, 2015, cybersecurity information sharing was the focus of the Senate Committee on Homeland Security and Governmental Affairs’ first hearing in the 114th Congress. In the wake of high-profile cyber attacks on Sony, Target, and JPMorgan, the testifying industry executives and security experts urged Congress to pass an information sharing bill that will better detect and...
Cybersecurity Announced as a 2015 Exam Priority by the SEC and FINRA
Posted on Jan 23, 2015 in Uncategorized | Comments Off on Cybersecurity Announced as a 2015 Exam Priority by the SEC and FINRA
In January 2015, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) each announced their 2015 examination priorities, and both agencies emphasized cybersecurity as a primary exam focus (SEC Examination Priorities, FINRA Examination Priorities). The SEC has designated cybersecurity as a market-wide risk in its examination priorities...
Subscribe
FEATURED
Check out the BreachLawWATCH app which allows easy access to data breach statutes across the United States and a growing number of jurisdictions.
Video: As the challenges cybersecurity and data privacy present are often global
