Off-Site Data Access Creates SEC Security Risk: Watchdog

Law360, New York (April 3, 2013, 10:06 PM EDT) -- The U.S. Securities and Exchange Commission needs to plug an electronic security gap caused by agency personnel using email software to save sensitive and nonpublic information onto non-SEC computers, the agency's internal watchdog said in an audit released last week.

The SEC's new inspector general, Carl Hoecker, focused on critical information that the agency collects from companies such as hedge funds on a confidential basis and shares with the U.S. Financial Stability Oversight Council, which guards against risks to the financial system, the Office of Financial...
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