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ARTICLE · 13 APRIL 2023

Nathaniel Lalone On The SEC's Proposed Cyber Risk Management Rules

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The Securities and Exchange Commission (SEC), has proposed new cyber risk management rules for financial institutions, which follows a recent and well-publicized cyber-attack on a third-party services provider.

United StatesTechnology
Nathaniel Lalone
Nathaniel Lalone
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The Securities and Exchange Commission (SEC), has proposed new cyber risk management rules for financial institutions, which follows a recent and well-publicized cyber-attack on a third-party services provider. Risk.net spoke with Financial Markets and Funds partner Nathaniel Lalone on potential confusion and other challenges resulting from duplicative regulations. Nate noted that with other rule proposals having already been published regarding operational security, financial firms may find themselves "caught in the cross-current." Clarity being key, he added, "Hopefully the rule set, once adopted, operates as a coherent, integrated whole, otherwise the implementation burden for firms will be significant."

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