On October 26, 2017, Stephanie Avakian, Co-Director of the SEC’s Division of Enforcement gave a speech regarding Enforcement’s initiatives, in particular, regarding cybersecurity.
The SEC identified three types of cases that have caught Enforcement’s interest:
1. Hacking to access nonpublic information in order to trade or manipulate the market for a particular security or group of securities ahead of an announcement;
2. Account intrusions in order to conduct manipulative trading using hacked brokerage accounts;
3. Disseminating false information through electronic publication, such as SEC EDGAR filings and social media, in order to manipulate stock prices.
How do you protect yourself from these more recent concerns from the SEC? Easy! Know what data you have, know where it's located, and know how it's protected. Well, maybe not so easy, but knowledge is king. TCA can help you get a handle on your data resources and protect it using industry best practices and technologies.
Full article can be found here: https://goo.gl/aC5MkL