sudden attack evolution hack october 2017

In today's environment, cyberattacks are perpetrated by identity thieves, unscrupulous contractors and vendors, malicious employees, business competitors, prospective insider traders and market manipulators, so-called 'hacktivists,' terrorists, state-sponsored actors and others.

Cybersecurity efforts must include, in addition to assessment, prevention and mitigation, resilience and recovery. Malicious attacks and intrusion efforts are continuous and evolving, and in certain cases they have been successful at the most robust institutions and at the SEC itself. That stark reality makes adequate disclosure no less important. I recognize that even the most diligent cybersecurity efforts will not address all cyber risks that enterprises face. The Commission is focused on identifying and managing cybersecurity risks and ensuring that market participants – including issuers, intermediaries, investors and government authorities – are actively and effectively engaged in this effort and are appropriately informing investors and other market participants of these risks. As a result of these and other developments, the scope and severity of risks that cyber threats present have increased dramatically, and constant vigilance is required to protect against intrusions. Securities and Exchange Commission ('Commission' or 'SEC').

2, 2017) Introductionĭata collection, storage, analysis, availability and protection (including security, validation and recovery) have become fundamental to the function and performance of our capital markets, the individuals and entities that participate in those markets, and the U.S.

Sudden attack evolution hack october 2017