SEC Warns Cyber Defenses Do Not Pass Muster. 3 Bits informed:intel

The Securities Exchange Commission has issued a warning investment advisers that they need to be more proactive in data security by:

• conduct continuous cyber-risk assessments
• performing penetration or venerability tests
• 26% of advisers and funds examined failed to conduct periodic risk assessments of critical systems to identify cyber security threats, vulnerabilities, and the potential business consequences.

Reuters | SEC identifies adviser cyber security flaws

Reuters | Exclusive: New SEC enforcement chiefs see cyber crime as biggest market threat