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ARTICLE · 24 DECEMBER 2015

SEC To Target Investment Advisers For Poor Cybersecurity

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

Herbert Smith Freehills Kramer LLP

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The SEC plans to bring more cases against investment advisers who do not have policies to prevent hacking, specifically in cyber-related cases that focus on regulatory obligations...

United StatesFinance and Banking

The SEC plans to bring more cases against investment advisers who do not have policies to prevent hacking, specifically in cyber-related cases that focus on regulatory obligations to keep customers' information private. The SEC is one of many U.S regulators that have ramped up scrutiny of cyber security over the past few years in the wake of high-profile attacks against public companies like Target and Home Depot, in addition to banks such as JPMorgan Chase.

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