The recent hacking of the SEC's corporate filing system shows that, as Federal Reserve Governor Jerome Powell says, “There can never be any sense of comfort that we’ve got this nailed.”
Working with PE and hedge funds, I know that there is no sense of complacency on this topic. On November 09, I will be moderating an event at which my colleague, Art Ehuan, MD Global Cyber Risk Services and Jay Kramer, a partner specializing in Data Privacy and Cyber Security at Lewis Brisbois, are speaking.
The session is tailored exclusively for asset managers.
WASHINGTON—A pair of top U.S. regulators called for increased attention to cyber risks to the financial system Tuesday in the wake of the hack of the Securities and Exchange Commission’s corporate filing system. Federal Reserve Governor Jerome Powell and Commodity Futures Trading Commission Chairman J. Christopher Giancarlo both cited cybersecurity as a fundamental risk point for the financial sector during a discussion at George Washington University Law School. In a broad conversation on financial regulation, they both also expressed confidence that they would make progress modifying the Volcker rule trading ban and other financial rules. “There can never be any sense of comfort that we’ve got this nailed,” Mr. Powell said of regulators’ efforts to improve cybersecurity.