By

Kunal Malhotra

09 September 2015

Financial Regulators Continue Focus on Cybersecurity; CFTC joins the Chorus

Cybersecurity attacks have increasingly garnered significant attention this summer—and financial regulators are taking notice and taking action. Earlier in August, the Securities and Exchange Commission (“SEC”) announced the indictment of nine players in a major hacking ring. The ring was designed to obtain corporate announcements prior to their public release, to give purchasers of the illegally obtained information an edge in securities trading. The attack combined old-school securities fraud with new-school cybercrime, and served as a reminder of financial markets’ potential vulnerabilities from the ingenuity of cybercriminals.

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