In August, the SEC filed the largest and most important group of “outsider trading” cases in its history, pushing new limits on cybersecurity and securities fraud. Outsider trading is when hackers are charged with securities fraud for trading on illegally exfiltrated/stolen on information.
Now, during September, the SEC continued to mark its cybersecurity territory with: 1) last week’s SEC announcement of its 2015 Cybersecurity examination Initiative; and 2) yesterday’s SEC announcement of its settled R.T. Jones administrative proceeding.
The SEC is clearly doubling down on its latest cybersecurity play and showing no signs of relent.
via SEC Doubles Down on Cybersecurity — Cybersecurity Docket
