After a slew of high-profile data breaches this year, the U.S. Securities and Exchange Commission (SEC) is planning to update how companies are required to report cybersecurity incidents.
U.S. Securities and Exchange Commission Chair Jay Clayton said Monday that the personal information of at least two individuals was compromised as a result of the cyberattack announced in September.
A recent string of high-profile cyberattacks has revealed not only vulnerabilities within U.S. companies and federal agencies but also an increasingly intricate and complex set of planned attacks, indicating there could be state-sponsors behind them, one cybersecurity expert said.
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U.S. Securities and Exchange Commission Chair Jay Clayton faces the wrath of lawmakers on Tuesday, after Wall Street’s top market regulator and watchdog fell victim to a breach itself last year, disclosing the attack in a press release last week.
Equifax (NYSE:EFX) CEO Richard Smith retired suddenly on Tuesday after the company suffered a massive hack that put the sensitive information of about 143 million Americans at risk, but despite near-term discomfort, there’s a chance Equifax and other credit reporting agencies could ultimately benefit from the incident.
In testimony before the Senate Banking Committee on Tuesday, U.S. Securities and Exchange Commission Chair Jay Clayton indicated he would enforce the law in any potential case against Equifax, which means company executives will be held accountable whether they resign from their positions or remain with the company.
The chairman of the U.S. Securities and Exchange Commission is expected to be grilled by Congress on Tuesday over a 2016 hack of the regulator's corporate filing system.
The chairman of the U.S. Securities and Exchange Commission (SEC) only learned in August that hackers had last year breached the regulator's database of corporate announcements, according to prepared congressional testimony seen by Reuters on Monday.
As lawmakers get ready to grill Equifax CEO Richard Smith and SEC Chair Jay Clayton on Capitol Hill in the coming weeks, many wonder how the respective executives of each organization will be asked to pay for compromising the sensitive information of American individuals and companies.
As consumers struggle to wrap their heads around the Equifax breach that affected 143 million Americans, the SEC announced Wednesday its electronic filing system was breached and one cybersecurity expert says these incidents are just the tip of the iceberg.
The U.S. Securities and Exchange Commission (SEC), Wall Street’s top market regulator and watchdog, said late Wednesday that one of its systems was breached last year, a situation that a cybersecurity expert warns can impact "trillions of dollars."
The top U.S. markets regulator said on Wednesday that hackers accessed its corporate disclosure database and may have illegally profited by trading on the insider information stolen.
Regulators must do more to help mom-and-pop investors better understand the potential risks posed by cyber crime and new technologies used to commit fraud.
The Securities and Exchange Commission charged four brokers on Monday with misleading investors near retirement-age, fraudulently persuading them to roll over holdings into higher-fee, variable annuity products.
Wall Street's new top cop is already hard at work.
Wall Street's top regulator said on Thursday it would allow all companies to file paperwork confidentially for initial public offerings (IPO), in a move designed to revitalize the market for share sales.
An investment company is planning to offer a fund that would offer U.S. investors direct access to foreign stocks, while tamping down the risk of currency declines.
An appeals court will weigh whether certain hiring practices at two of the country's top financial market regulators violate the Constitution.
Federal regulators are investigating whether solar-energy companies are masking how many customers they're losing, according to a person familiar with the matter.