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Joe Stanganelli
Joe Stanganelli
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SEC Cyber-Security Sweep: Good News, Bad News

In the wake of the SEC's cyber security examinations and a subsequent report, three causes for celebration and three serious action items have emerged from the SEC's recent cyber security examinations. These illustrate where the financial services industry should focus its information security efforts.
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Good News: Cyber Security Plans
OCIE found that 'the vast majority' of examinees - specifically, 93% of broker-dealers and 83% of investment advisers - have written information security policies in place. Better still, most of these policies and procedures go beyond prevention. In fact, 82% of the broker-dealers examined and 51% of the investment advisers examined address in their policies what happens after a breach, cyber-attack, or other data compromise. Specifically, they have outlined in writing disaster recovery plans for mitigating such an event - a step that many top experts identify as crucial for effective cyber security.
 (Image Source: Jeffrey Beall via Creative Commons license)

Good News: Cyber Security Plans

OCIE found that "the vast majority" of examinees specifically, 93% of broker-dealers and 83% of investment advisers have written information security policies in place. Better still, most of these policies and procedures go beyond prevention. In fact, 82% of the broker-dealers examined and 51% of the investment advisers examined address in their policies what happens after a breach, cyber-attack, or other data compromise. Specifically, they have outlined in writing disaster recovery plans for mitigating such an event a step that many top experts identify as crucial for effective cyber security.

(Image Source: Jeffrey Beall via Creative Commons license)

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EmilyAmber
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EmilyAmber,
User Rank: Apprentice
2/23/2015 | 10:24:15 AM
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hanshenriksen
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hanshenriksen,
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5/19/2015 | 5:05:02 AM
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Blog Voyage
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Blog Voyage,
User Rank: Strategist
7/6/2015 | 2:44:40 AM
Thanks for the job
Just a short message to thank you from France. Your stuff is easily understable for me.
suhasuseless
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suhasuseless,
User Rank: Apprentice
7/22/2015 | 11:48:04 AM
awesome
really awesome this site
srreeee
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srreeee,
User Rank: Apprentice
7/23/2015 | 2:46:35 AM
Re: awesome
nice one
DorisG987
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DorisG987,
User Rank: Apprentice
9/2/2015 | 1:37:51 AM
Going beyond the SEC's action
Ashley Madison has been served with a US $578 million lawsuit following a breach that resulted in data concerning 39 million of its members being leaked online, including usernames, messages and email and home addresses. If that raises your organization's alarms, meet Edgar Perez, author of The Speed Traders and Knightmare on Wall Street, and course director of Cybersecurity Boardroom Workshop 2015 in New York City, London, Dubai, Bangkok, Jakarta, Sydney, Taipei, Seoul and Tokyo. 
Arda Jeff
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Arda Jeff,
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3/24/2016 | 5:25:38 AM
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directseo
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directseo,
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12/10/2016 | 7:07:24 AM
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Cerber 5
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Cerber 5,
User Rank: Apprentice
12/13/2016 | 4:08:31 AM
Re: Cerber 5
Ransomware attacks turned data encryption to really BAD news
Row3n
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Row3n,
User Rank: Apprentice
12/14/2016 | 10:06:01 PM
Re: Cerber 5
I'm surprised that the financial companies in the States need to be informed that they need to have such security and due diligence methods put into place. As if the threat of cyber attack and the leakage of information on the internet isn't a scary thought enough, do we really need the threat of a fine to get people to jump into protecting their customers?
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