SEC: Proposes New Requirements to Address Cybersecurity Risks to the U.S. Securities Markets
- SEC proposed requirements for broker-dealers, clearing agencies, major security-based swap participants
- The nature, scale, and impact of cybersecurity risks have grown significantly in recent decades. Investors
- This proposal would help promote every part of our mission, particularly regarding investor protection and orderly markets
- Market Entities increasingly rely on information systems to perform their functions and provide their services
- Cybersecurity risk also can be caused by the errors of employees, service providers, or business partners
- The proposal would require all Market Entities to implement policies and procedures that are reasonably designed
