Traders work on the floor of the New York Stock exchange during morning trading on Nov. 10, 2023 in New York City. (Photo by Michael M. Santiago/Getty Images) Shareholder-tracking company Equiniti shells out $850K to SEC over breaches According to the Securities and Exchange Commission, the company’s failures led to the loss of $6.6 million in client funds. Aug 22, 2024 By Tim Starks
U.S. President Joe Biden speaks from the Oval Office of the White House on July 24. (Photo by Evan Vucci-Pool/Getty Images) Biden’s cybersecurity legacy: ‘a big shift’ to private sector responsibility Over the course of his term, Joe Biden has presided over an ambitious agenda on regulation and more, to both praise and criticism. Jul 29, 2024 By Tim Starks
(kolderal/Getty Images) Judge dismisses much of SEC suit against SolarWinds over cybersecurity disclosures The groundbreaking lawsuit’s claims about inadequate disclosures related to the historic Sunburst attack were thrown out Thursday. Jul 18, 2024 By Tim Starks
Car dealership office. (Fahroni, iStock/Getty Images Plus) CDK hack shows SEC disclosure standards are unsettled The early application of the regulatory agency’s new cybersecurity reporting rules reveal that materiality is in the eye of the beholder. Jul 16, 2024 By Tim Starks
An aerial view shows a newly constructed X sign on the roof of the headquarters of the social media platform previously known as Twitter, in San Francisco, on July 29, 2023. (Photo by JOSH EDELSON/AFP via Getty Images) A tangled mess: Government rules for social media security lack clarity In wake of SEC breach, federal policymakers, agencies, and experts can't seem to agree on whether agencies must use MFA on social media. Jan 29, 2024 By Rebecca Heilweil Derek B. Johnson
In this photo illustration, a visual representation of the digital cryptocurrency Bitcoin is displayed in front of Securities and Exchange Commission (SEC) logo on January 10, 2024 in Paris, France. (Photo illustration by Chesnot/Getty Images) SEC blames sim-swapping, lack of MFA for X account hijacking Multifactor authentication was disabled at the SEC’s request last year after staff had difficulties accessing the social media account. Jan 22, 2024 By Derek B. Johnson
In this photo illustration, a visual representation of the digital currency bitcoin is seen on January 09, 2024 in London, England. (Dan Kitwood/Getty Images) After hack, X claims SEC failed to use two-factor authentication A breach of the Securities and Exchange Commission's account on the platform formerly known as Twitter caused bitcoin prices to spike. Jan 10, 2024 By Elias Groll
The headquarters of the Securities and Exchange Commission is seen in Washington, D.C., on Jan. 28, 2021. (Photo by Saul Loeb /AFP via Getty Images) SEC disclosure rule for ‘material’ cybersecurity incidents goes into effect The controversial rule requires publicly traded companies to report such events to the agency within four business days. Dec 18, 2023 By Christian Vasquez
BUENOS AIRES, ARGENTINA – MARCH 17: Coins of Bitcoin are offered as merchandising in an exchange shop on March 17, 2022, in Buenos Aires, Argentina. (Photo by Ricardo Ceppi/Getty Images) Cryptocurrency regulators are scrambling to catch up with hackers who are swiping billions But who's in charge has become a game of hot potato. May 6, 2022 By Tonya Riley
Gary Gensler, Chair of the Securities and Exchange Commission, takes his seat before the start of the Senate Banking, Housing and Urban Affairs Committee hearing on Sept. 14, 2021. (Photo by BILL CLARK/POOL/AFP via Getty Images) SEC weighs reporting requirements for publicly traded companies The amendments follow a similar proposal the agency released last month aimed at tightening security for investment firms and advisers. Mar 9, 2022 By Tonya Riley