The Securities and Exchange Commission has asked at least several asset managers to hand over information about how they were impacted and responded to the SolarWinds cyberattack.
Foreside’s Craig Moreshead spoke with Ignites, sharing that the SEC’s amnesty offer for compliance or disclosure failures shows that the Commission does not expect firms to have handled the situation perfectly.
“The question is what action steps have you taken to prevent, identify and remediate attacks when they occur.”
Click here to learn more about how the Commission is interacting with firms that have been affected by this cyberattack. Foreside continues to see cybersecurity and related operational resiliency practices be an area of high attention for regulating bodies.