20 February 2014
Recent data breaches at retailers like Target have increased awareness about growing cybersecurity threats. Broker-dealers in particular need to reevaluate their own cybersecurity preparedness in light of several recent events:
- FINRA’s launch of a cybersecurity sweep, publicly announced on the FINRA website on February 6, 2014;
- The inclusion of cybersecurity as a priority in the SEC’s National Examination Program for 2014 and FINRA’s 2014 Annual Regulatory and Examination Priorities Letter;
- The White House’s February 12, 2014 release of the much-anticipated Framework for Improving Critical Infrastructure Cybersecurity; and
- An upcoming SEC public roundtable on cybersecurity issues, to be held in Washington, DC on March 26, 2014.