Financial Regulators Have Cyber on Their Minds
Financial regulators, struggling to keep up with the onslaught of new threats to the public's sensitive financial and personal data, have spent the last few years examining corporate cybersecurity practices, policies, and procedures and communicating their expectations to executives.
This year, expect regulators to hold companies accountable for their cybersecurity failings. Since CFOs play a critical role in ensuring their companies are able to meet these expectations, they should stay informed about these developments.
When it comes to enforcing cybersecurity preparedness, the Securities and Exchange Commission (SEC) is flexing its regulatory muscle more than ever before.
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