SEC & OCIE Issue Findings and Guidance from Latest Cybersecurity Examinations

SEC’s Office of Compliance Inspections and Examinations (OCIE) wrapped up their latest round of cybersecurity examinations. The recently issued report – “Observations from Cybersecurity Examinations” – offers the subsequent findings related to financial firms’ cybersecurity practices.

OCIE Cybersecurity 2 Initiative

OCIE launched their Cybersecurity 2 Initiative following the

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FINRA Highlights Common Cybersecurity Issues for Broker-Dealers

The Financial Industry Regulation Authority (FINRA) published a series of three videos to highlight and provide guidance on common cybersecurity issues facing broker-dealers and investment advisors.

FINRA compiled the video series in response to cybersecurity deficiencies noted during examinations of member firms. The videos also offer several mitigation measures to

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Colorado Adopts Cybersecurity Regulations for Broker-Dealers and Investment Advisors

Broker-dealers and investment advisors are faced with increasing regulations regarding their cybersecurity practices. The Colorado Division of Securities recently adopted cybersecurity legislation for state-regulated financial institutions.

The regulations apply to broker-dealers purchasing securities and investment advisors conducting business in the state. Guidelines and a standard of reasonable cybersecurity practices have

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Nationwide Agrees to Settle Breach Investigation for $5.5 Million

Nationwide settled their 2012 data breach investigation with 32 state attorneys general to the tune of $5.5 million. The settlement includes several security practices Nationwide is required to incorporate going forward.

Breach Background

Nationwide suffered a breach in October 2012 leading to the unauthorized access and exfiltration of personal information

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Siemens Device Vulnerabilities: How to Update Your Medical Devices

After the WannaCry outbreak heard ‘round the world, Siemens is working to bolster the security of its medical products.

Practical TIP: If your healthcare practice is using Siemens products, review the notes and advisories below to ensure your devices aren’t left vulnerable to attack.

Siemens Background

Headquartered in Munich, Germany,

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