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SEC finds lax self-enforcement of cyber policies while noting overall progress by brokers

August 09, 2017 |
Rick Weber
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The Securities and Exchange Commission staff says investment firms and brokers are falling short in enforcing their own cybersecurity policies and practices, while noting overall progress by the investment industry in meeting persistent cyber threats.

“Among the 75 firms examined, the staff noted an overall improvement in firms’ awareness of cyber-related risks and the implementation of certain cyber security practices” since the last published review in 2014, according to the SEC's “Observations From Cybersecurity Examinations” issued Monday.

“In general,...

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