OCIE Archives - Elteni

2024 April Newsletter

Darrell Tucker — Mon, 15 Apr 2024 19:08:18 +0000

ELTENI'S CYBER SCOOP Latest News In this newsletter, we highlight the regulatory emphasis on documentation and reporting, the requirement for and potential impact of third-party risk management and putting security on the boardroom agenda. REGULATORY CORNER CISA Proposed Cyber Incident Reporting Requirement covers a wider range of entities The U.S. Department of Homeland Security’s (DHS)

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2024 March Newsletter

Elteni — Mon, 11 Mar 2024 14:22:07 +0000

ELTENI'S CYBER SCOOP Latest News In this newsletter, we highlight the Compliance issues with the SEC’s rule on material incident disclosure, The Department of Justice's continued efforts to combat the exploitation of widespread vulnerabilities and the increased sophistication of deepfake cyber incidents. REGULATORY CORNER Companies are not complying with the new SEC cybersecurity incident rule

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2024 February Newsletter

Elteni — Mon, 12 Feb 2024 17:02:18 +0000

ELTENI'S CYBER SCOOP Latest News In this newsletter, we highlight the FINRA regulatory oversight report, law enforcement continuing their crackdown on cyber criminals and the impact of Artificial Intelligence on cybersecurity. REGULATORY CORNER FINRA Publishes 2024 Regulatory Oversight Report In January, FINRA published their 2024 Annual Regulatory Oversight Report, which was formally known as the

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2024 January Newsletter

Elteni — Fri, 05 Jan 2024 22:34:34 +0000

ELTENI'S CYBER SCOOP Latest News In this newsletter, we uncover an SEC Director’s op-ed on disclosure rules. A major international cybersecurity crackdown by law enforcement. The SEC op-ed on disclosure rules. REGULATORY CORNER SEC Director of Corporation Finance weighs in on Cybersecurity Disclosures Rules The Director of the SEC’s Division of Corporation Finance provided his

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2023 December Newsletter

Elteni — Thu, 07 Dec 2023 23:18:08 +0000

ELTENI'S CYBER SCOOP Latest News In this newsletter, we uncover additional regulatory rules being approved for Clearing Agencies. Also, the numbers are in, and enforcement actions are up, including SEC settled charges against a broker-dealer and a software company for allegedly providing misleading information regarding cyber incidents. Lastly, the proposed cybersecurity rules for RIAs

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2023 November Newsletter

Elteni — Tue, 07 Nov 2023 17:42:36 +0000

ELTENI'S CYBER SCOOP Latest News In this newsletter, we uncover a major cybersecurity revelation. The SEC has taken action against SolarWinds Corporation and its CISO, Timothy G. Brown, for alleged fraud and internal control lapses tied to cybersecurity risks. Want to download this in pdf? Enter the password from the email you received.

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The SEC proposes new Cybersecurity rules

Elteni — Wed, 09 Feb 2022 22:48:34 +0000

Earlier today the Securities and Exchange Commission voted to propose rules related to cybersecurity risk management for registered investment advisers, and registered investment companies and business development companies (funds), as well as amendments to certain rules that govern investment adviser and fund disclosures. The SEC Chair Gary Genlser stated that the proposed rules and amendments

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SEC Charges First American Financial Corporation With Cybersecurity Disclosure Controls Failures

Elteni — Tue, 15 Jun 2021 16:53:23 +0000

On June 15, 2021 “The Securities and Exchange Commission (“SEC”) announced settled charges against real estate settlement services company First American Financial Corporation for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information.” On May 24, 2019, Brian Krebs notified First American Financial Corporation of a vulnerability with its

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2021 SEC OCIE Cybersecurity Exam Priorities

Elteni — Thu, 04 Mar 2021 05:36:42 +0000

Yesterday the U.S. Securities and Exchange Commission (SEC) Office of Compliance Inspections and Examinations (OCIE) released its 2021 exam priorities. In the letter the SEC highlighted that their focus remains the same from prior years with a slight shift in priorities and adjustment of focus. The SEC stated that they will review whether firms have

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Cayman Islands Investment firm exposes sensitive client information!

Elteni LLC — Mon, 07 Dec 2020 00:10:12 +0000

A Cayman Islands investment firm's backups stored in a Microsoft Azure Blob Storage was not secured properly thus resulting in a potential leak of personal banking information, individual passport data, and other sensitive information. A researcher discovered the gaping hole left open by the firm’s Hong Kong based IT provider via a special search engine

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