SEC Staffers Outline Cybersecurity Expectations For Firms

Law360 (January 27, 2020, 9:50 PM EST) -- The U.S. Securities and Exchange Commission's top examiners on Monday spelled out ways for firms to safeguard data and protect themselves against breaches, issuing one of the agency's most detailed reports to date on the subject after more than five years of study.

The SEC's Office of Compliance Inspections and Examinations in particular emphasized data loss prevention policies, scrutiny of third-party vendors, using detailed and routinely tested incident response plans to prepare for the worst.

"We felt it was critical to share these observations in order to allow organizations the opportunity to reflect on their own cybersecurity practices," OCIE Director Peter...

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