From: ThinkAdvisor
SEC found that 88% of broker-dealers and 74% of advisors have experienced cyberattacks
Cybersecurity reports released Tuesday by the Securities and Exchange Commission and the Financial Industry Regulatory Authority found that broker-dealers are further along in protecting their practices from cyberattacks than advisors.
The SEC’s Cybersecurity Exam Sweep report summarizes findings of recent exams of 57 BDs and 49 registered investment advisors conducted under the agency’s Office of Compliance Inspections and Examinations’ Cybersecurity Examination Initiative. The SEC examined a cross-section of the financial services industry to assess various firms’ vulnerability to cyberattacks.
Leave a Reply