Security News
A New York fintech biz is set to pay $1 million in fines under a US Securities and Exchange Commission order that claims it advertised "Annualized" returns on Titan Crypto of up to 2,700 percent, a number based on a "Purely hypothetical account." Titan Global Capital Management provided investment strategies to clients and prospective clients solely through a mobile app, the SEC said.
The SEC adopted rules requiring registrants to disclose material cybersecurity incidents they experience and to disclose on an annual basis material information regarding their cybersecurity risk management, strategy, and governance. The Commission also adopted rules requiring foreign private issuers to make comparable disclosures.
The US Securities and Exchange Commission adopted final rules around the disclosure of cybersecurity incidents. There are two basic rules: Public companies must “disclose any cybersecurity...
As you can imagine, especially in an online world in which ransomware breaches can bring a company to a digital standstill overnight, and where even coughing up a multimillion-dollar blackmail payment to the attackers for a "Recovery program" might not be enough to get things going again. Ransomware attacks these days frequently involve cybercriminals stealing copies of your trophy data first, notably including employee and customer details, and then scrambling your copies of those very same files, thus squeezing you into a double-play cybersecurity drama.
The U.S. Securities and Exchange Commission (SEC) on Wednesday approved new rules that require publicly traded companies to publicize details of a cyber attack within four days of identifying that...
Cripes, they actually sound serious Public companies that suffer a computer crime likely to cause a "material" hit to an investor will soon face a four-day time limit to disclose the incident,...
The U.S. SEC has introduced new rules for publicly traded companies to disclose cyberattacks within four business days if they are considered significant to investors. Foreign private issuers are also required to provide equivalent disclosures. SEC Chair Gary Gensler stated that consistent and comparable disclosure would benefit both companies and investors.The rules demand listed companies to include cyberattack details in periodic report filings (8-K forms). These rules will be effective from December or 30 days after publication in the Federal Register. Smaller companies will have an additional 180 days to comply. Disclosure timelines may be delayed if immediate disclosure poses a risk to national security or public safety.
The Securities and Exchange Commission (SEC) today adopted rules requiring registrants to disclose material cybersecurity incidents they experience and to disclose on an annual basis material...
The US Securities and Exchange Commission has dismissed proceedings against 42 companies and individuals after admitting that its enforcement staff accessed documents that were supposed to be for judges' eyes only. All 42 [PDF] of the now-dismissed cases were slated to be heard by the watchdog agency's in-house court - which is supposed to remain strictly separate from the SEC's enforcement staff.
More than 80 law firms say they are "Deeply troubled" by the US Securities and Exchange Commission's demand that Covington & Burling hand over names of its clients whose information was stolen by Chinese state-sponsored hackers. In an amicus brief filed this week, 83 firms with a total of more than 50,000 attorneys employed backed their fellow lawyers in Covington's ongoing battle with America's financial watchdog.