ELTENI'S CYBER SCOOP Latest News July brings a heavy regulatory and enforcement docket for financial services and advisers. This issue covers the SEC's continued focus on cybersecurity disclosure and Reg S-P amendments taking hold, a fresh wave of enforcement tied to incident-response and vendor-oversight failures, and the accelerating threat landscape driven by AI-enabled social engineering
ELTENI'S CYBER SCOOP Latest News Regulators continue to try to find ways to incentivize proactive transparency and collaboration around cybersecurity. Conversely, they continue to penalize firms for neglecting to implement and follow basic cybersecurity controls. REGULATORY CORNER FINRA Launches Financial Intelligence Fusion Center to Combat Cybersecurity and Fraud Threats Building on FINRA's continued commitment to
ELTENI'S CYBER SCOOP Latest News In this newsletter, FINRA and SEC update their enforcement strategies, Artificial Intelligence (AI) continues to have a profound effect on cybersecurity attack landscapes and defenses. REGULATORY CORNER FINRA Unveils Changes to Enforcement Program The Financial Industry Regulatory Authority (FINRA) announced changes to its enforcement program on March 2, as part
ELTENI'S CYBER SCOOP Latest News In this newsletter, SEC cybersecurity amendments to Regulation S-P, continued enforcement for inadequate cybersecurity procedures, and the underinvestment in cybersecurity and ransomware trends. REGULATORY CORNER ICYMI: Rollout of the SEC amendments to Reg S-P has begun On May 15, 2024, the SEC amended Regulation S-P to require covered institutions to
ELTENI'S CYBER SCOOP Latest News In this newsletter, CCPA releases new cybersecurity regulations, Incident response employees implicated in ransomware attacks and Salesforce, F5 and Anthropic are the subjects of recent cyberattacks. REGULATORY CORNER New CCPA Cyber Regulations Released The California Privacy Protection Agency (CPPA) released new regulations in September 2025 that mandate annual cybersecurity audits
ELTENI'S CYBER SCOOP Latest News In this newsletter, we focus on delays in the implementation of the proposed cybersecurity reporting rules for investment advisers, emphasis on strong proactive cyber programs that align with Reg S-P and awareness of secondary attack vectors related to vendors or counterparties. REGULATORY CORNER CISA pushes final cyber incident reporting rule
ELTENI'S CYBER SCOOP Latest News In this newsletter, we focus on retraction of the proposed cybersecurity rules for investment advisers, the continued requirement for disclosure and transparency of cyber incidents and building trust through effective cybersecurity. REGULATORY CORNER SEC withdraws cyber rules for investment companies, advisers The Securities and Exchange Commission is pulling back cybersecurity
ELTENI'S CYBER SCOOP Latest News In this newsletter, we focus on the financial industries’ quest for a more balanced regulatory reporting requirement with CISA’s CIRCIA rule, landmark enforcements highlighting the intersectionality of cyber and operations in financial institutions and more cyber breaches hit the news REGULATORY CORNER Financial Organizations Advocate for Revisions to CIRCIA Implementation
ELTENI'S CYBER SCOOP Latest News In this newsletter, we focus on the SEC creation of the Cyber and Emerging Technologies Unit (CETU), challenges identifying materiality of cyber incidents and the continued focus on cybersecurity disclosures. REGULATORY CORNER SEC Commissioners on the Hunt for Materiality: Disagree on Cybersecurity Enforcement Actions On October 22, 2024, Republican SEC
ELTENI'S CYBER SCOOP Latest News In this newsletter, we focus on SEC Disclosure Rules, follow up to the telecom industry data breaches and the continued proliferation of cyber events related to phishing. REGULATORY CORNER SEC Disclosures Up, But Not Enough Details Provided Analysis by Paul Hastings LLP found cybersecurity incident reports have increased by 60%
