SEC 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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NYDFS’s first time charging a company for not adhering to their Cybersecurity Regulation Part 500 of Title 23

Diya Sharma — Fri, 07 Jan 2022 23:20:07 +0000

The New York Department of Financial Services ("NYDFS") has charged First American Insurance company with multiple section code violations pertaining to cyber security policies. This is NYDFS's first time charging a company for not adhering to their Cybersecurity Regulation Part 500 of Title 23. The charges held against First American are as follows: Deficient cybersecurity

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The SEC issues fines for deficient cybersecurity programs!

Elteni — Mon, 30 Aug 2021 22:01:21 +0000

Today the Securities and Exchange Commission (SEC) sanctioned eight firms in three actions for failures in their cybersecurity policies and procedures that resulted in email account takeovers exposing the personal information of thousands of customers and clients at each firm. A total of $800,000 were levied against these firms. In summary, the firms named in

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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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