SEC seeks data on cyber security policies at Wall Street firms

[InfoSec News <alerts () infosecnews org>]

http://www.computerworld.com/s/article/9247802/SEC_seeks_data_on_cyber_security_policies_at_Wall_Street_firms

By Jaikumar Vijayan
Computerworld
April 21, 2014

The Securities and Exchange Commission (SEC) plans to review the cyber 
defenses of 50 Wall Street broker-dealers and investment advisers to 
determine whether they are prepared for potential cyber threats.

The SEC Office of Compliance Inspections and Examinations (OCIE) will 
review each company's tools and policies regarding governance, risk 
identification and assessment, network and data security controls, remote 
access and third party cyber risks.

In a security alert released last week, the SEC said the effort was 
launched after participants at an SEC-sponsored roundtable discussion in 
March stressed the importance of strong cybersecurity controls at Wall 
Street firms.

During the roundtable, SEC Commissioner Luis Aguilar recommended that the 
Commission collect information from broker-dealers and other financial 
firms about their cyber readiness. The SEC will follow-up with information 
on how it can can help the financial industry bolster security.

[...]



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