SEC Announces 3 Actions Charging Deficient Cybersecurity

September 1, 2021

SEC sanctioned 8 firms including monetary fines!

SEC sanctioned 8 firms for failures that resulted in thousands of email account takeovers. The SEC also reiterated and reinforced expectations by stating, “It is not enough to write a policy requiring enhanced security measures if those requirements are not implemented or are only partially implemented, especially in the face of known attacks.”

Click below to see full article:

https://www.sec.gov/news/press-release/2021-169

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PromiseOne Bank, Duluth, GA
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