House approves legislation to increase cybersecurity at the SEC
The House on Monday approved legislation designed to boost cybersecurity protocols at the Securities and Exchange Commission in order to better protect personal data.
The Market Data Protection Act, sponsored by Rep. Warren Davidson (R-OH) and co-sponsored by Rep. Brad Sherman (D-CA), passed by voice vote.
The bill would require the SEC to strengthen its cybersecurity before beginning to collect data using a new program called the Consolidated Audit Trail. It also requires both contractor Thesys Technologies and the Financial...