Privacy.Minded: SEC Charges Company For Cybersecurity Disclosure Controls Violations, Citing Failure To Bring Known Vulnerabilities To The Attention Of Senior Management
By EsqSocial Corporation 28/06/21
The Securities and Exchange Commission (SEC) issued a new warning to senior executives: what you don’t know can hurt you, especially in the realm of cybersecurity. The SEC recently settled with First American Financial Corporation (First American) in connection with a cybersecurity vulnerability that exposed reams of sensitive customer information.[1] The SEC was not concerned with the breach itself but with First American’s failure to maintain disclosure controls and procedures designed to...
By: Stradling Yocca Carlson & Rauth