The US Securities and Exchange Commission (SEC) has updated rules to address the increasing threat of data breaches and theft of customer information. The changes, approved unanimously, require broker-dealers, investment companies, and registered investment advisers to maintain incident response programs to detect, respond to, and recover from cyber theft of customers' personal data. Additionally, affected companies must notify individuals whose information may have been accessed without authorisation. Companies will have 18 months to two years to comply with the new rules once they appear in the Federal Register.
Related articles:
What is this page?
You are reading a summary article on the Privacy Newsfeed, a free resource for DPOs and other professionals with privacy or data protection responsibilities helping them stay informed of industry news all in one place. The information here is a brief snippet relating to a single piece of original content or several articles about a common topic or thread. The main contributor is listed in the top left-hand corner, just beneath the article title.
The Privacy Newsfeed monitors over 300 global publications, of which more than 4,350 summary articles have been posted to the online archive dating back to the beginning of 2020. A weekly roundup is available by email every Friday.
