Securities and Exchange Commission sanctioned eight financial firms for alleged failures related to cybersecurity policies and procedures. Regulator Cites Email Takeovers, Inadequate Incident Response stemming from email account takeovers and related incident response, SEC says. The SEC sanctions the eight firms with fines totaling $750,000. The sanctioned firms did not admit or deny the commission’s findings, but “agreed to cease and desist from future violations of the charged provisions, to be censured and to pay a penalty””]
Source: https://www.cuinfosecurity.com/sec-sanctions-8-firms-for-deficient-cybersecurity-procedures-a-17423