The U.S. Securities and Exchange Commission (“SEC”) recently identified cyberthreats as an enforcement priority (see 2021 Examination Priorities). Within months of the Commission’s announcement, the Commission brought three enforcement actions* which resulted in sanctions against eight investment advisory firms who failed to report cyber related attacks, failed to adopt, or failed to implement proper cybersecurity policies in
Continue Reading A Cybersecurity Wake Up Call: SEC Sanctions Eight Firms for Cybersecurity Deficiencies