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SEC: Proposes New Requirements to Address Cybersecurity Risks to the U.S. Securities Markets

Date:

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

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