SEC Warns Firms To Beef Up Security After Cyberattacks

By Shayna Posses (May 17, 2017, 5:00 PM EDT) -- The U.S. Securities and Exchange Commission on Wednesday urged broker-dealers, investment advisers and investment companies to make sure they're conducting vulnerability scans and implementing timely system upgrades in light of the massive cyberattack that swept across more than 100 countries.

The Office of Compliance Inspections and Examinations issued a risk alert explaining that it recently examined 75 SEC registered firms to assess cybersecurity preparedness and observed lacking practices that are particularly worrisome after the ransomware attacks that began Friday.

Nearly all of the advisers and funds examined had a process in place to ensure regular system maintenance, but more than a quarter...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!