[ISN] SEC seeks data on cyber security policies at Wall Street firms

http://www.computerworld.com/s/article/9247802/SEC_seeks_data_on_cyber_security_policies_at_Wall_Street_firms By Jaikumar Vijayan Computerworld April 21, 2014 The Securities and Exchange Commission (SEC) plans to review the cyber defenses of 50 Wall Street broker-dealers and investment advisers to determine whether they are prepared for potential cyber threats. The SEC Office of Compliance Inspections and Examinations (OCIE) will review each company’s tools and policies regarding governance, risk identification and assessment, network and data security controls, remote access and third party cyber risks. In a security alert released last week, the SEC said the effort was launched after participants at an SEC-sponsored roundtable discussion in March stressed the importance of strong cybersecurity controls at Wall Street firms. During the roundtable, SEC Commissioner Luis Aguilar recommended that the Commission collect information from broker-dealers and other financial firms about their cyber readiness. The SEC will follow-up with information on how it can can help the financial industry bolster security. […]