SEC’s OCIE Issues Ransomware Risk Alert

Kate Hanniford of Alston & Bird writes:

On July 10, the SEC’s Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert noting the increasing sophistication of ransomware attacks on SEC registrants and service providers to SEC registrants.  The Risk Alert is notable for its encouragement of financial services market participants more broadly and not just SEC registrants to monitor CISA alerts, and for the specificity of the cybersecurity measures it includes as recognized defenses to current ransomware threats.

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