SEC opens up a new front in cybersecurity wars

The SEC has announced that its Office of Compliance Inspections and Examinations (“OCIE”) would be conducting a second round of investigations into the cybersecurity practices of brokerage and advisory firms (the “Cybersecurity Examination Initiative”).  These moves signal the SEC’s increasing scrutiny of investment firms’ information security practices and indicate the regulator’s willingness to enforce the guidance that it has issued.  Be prepared with Advisor Armor.  MORE