27 February 2017
Visit EBAday.com

SEC to conduct market-wide cyber-security checks

16 April 2014  |  5566 views  |  0 web spider

The Securities and Exchange Commission is to conduct checks on more than 50 registered broker-dealers and investment advisors to assess their ability to counteract cyber-security threats.

The investigation - to be carried out by the SEC's Office of Compliance Inspections and Examinations (OCIE) - follows on from a cyber-security roundtable held by the watchdog last month, in which the Commission was urged to take further steps to address the potential threats to market integrity and data protection.

OCIE says the inspections will seek to assess each firm's cyber-security governance, identification and assessment of cyber-security risks, alongside protection measures used to lock down networks and information. The watchdog will also explore the risks associated with remote customer access and funds transfer requests, and with vendors and other third parties.

"These examinations will help identify areas where the Commission and the industry can work together to protect investors and our capital markets from cyber-security threats," says the SEC.

To aid firms, the Commission has issued a sample request for information and documents that it will expect from firms during the investigation.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

As cyber threat grows, EU regulators warn FS firms on IT budgets

As cyber threat grows, EU regulators warn FS firms on IT budgets

03 April 2014  |  6409 views  |  0 comments | 9 tweets | 2 linkedin
Swift chief: "When we don't sleep, it is because of cyber risks"

Swift chief: "When we don't sleep, it is because of cyber risks"

11 March 2014  |  7863 views  |  0 comments | 11 tweets | 8 linkedin
FS firms hardest hit by cybercrime - PwC

FS firms hardest hit by cybercrime - PwC

05 March 2014  |  5048 views  |  1 comments | 8 tweets | 3 linkedin
White House sets out voluntary cybersecurity framework

White House sets out voluntary cybersecurity framework

13 February 2014  |  5494 views  |  0 comments | 12 tweets | 8 linkedin
Exchange group sets up cyber-security committee

Exchange group sets up cyber-security committee

12 December 2013  |  5234 views  |  0 comments | 4 tweets | 4 linkedin
London banks embark on 'Waking Shark 2' cyber war games

London banks embark on 'Waking Shark 2' cyber war games

12 November 2013  |  5053 views  |  0 comments | 3 linkedin
Sifma calls for better communication following cyber-attack simulation

Sifma calls for better communication following cyber-attack simulation

22 October 2013  |  3772 views  |  0 comments | 3 tweets | 1 linkedin
Britain's banks told to draw up cyber-attack plans

Britain's banks told to draw up cyber-attack plans

02 October 2013  |  9580 views  |  0 comments | 11 tweets | 9 linkedin
US bank regulator raises prospect of cyber-security legislation; Iosco also on guard

US bank regulator raises prospect of cyber-security legislation; Iosco also on guard

19 September 2013  |  10894 views  |  0 comments | 9 tweets | 12 linkedin
FBI warns banks of 9/11 cyber-attack threat

FBI warns banks of 9/11 cyber-attack threat

11 September 2013  |  8720 views  |  0 comments | 8 tweets | 7 linkedin
Nasdaq and major banks the victims as five indicted for largest known cyber breach

Nasdaq and major banks the victims as five indicted for largest known cyber breach

26 July 2013  |  8217 views  |  0 comments | 4 tweets | 2 linkedin
Exchange data highlights systemic threat from cyber attacks

Exchange data highlights systemic threat from cyber attacks

16 July 2013  |  6115 views  |  0 comments | 2 tweets
Wall Street preps Quantum Dawn 2 cyber-attack drill

Wall Street preps Quantum Dawn 2 cyber-attack drill

18 June 2013  |  6850 views  |  0 comments | 7 tweets | 5 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit Yelloco.co.ukvisit BNP paribas

Who is commenting?

A Finextra member Finextra Member Commented on: Really really really K...
A Finextra member Finextra Member Commented on: In wake of Cloudflare...
A Finextra member Finextra Member Commented on: Bank consultancy Zeb o...

Top topics

Most viewed Most shared
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
13849 views comments | 53 tweets | 74 linkedin
BNY Mellon seeks blockchain experts for new emerging biz and tech teamBNY Mellon seeks blockchain experts for ne...
7825 views comments | 7 tweets | 4 linkedin
hands typing furiouslyBlockchain Technology
7619 views 1 | 18 tweets | 8 linkedin
Starling releases Open API, talks up marketplace modelStarling releases Open API, talks up marke...
7462 views comments | 19 tweets | 18 linkedin
hands typing furiouslyKiller Corporate Banking Use Cases for Fin...
6642 views 2 | 12 tweets | 2 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job