Reuters – SEC Needs Better Protections for Data

Sensitive non-public information could be compromised if the U.S. Securities and Exchange Commission fails to take additional steps to improve its internal controls, an agency watchdog has found, Reuters reported. In two separate audits completed late last month, the SEC's new inspector general, Carl Hoecker, found vulnerabilities in the SEC's information technology system. The first audit, dated March 25, examined how well the SEC maintains controls to protect sensitive information that it shares with the U.S. Financial Stability Oversight Council, or FSOC, a body of regulators that guard against systemic risks.

North AmericaUSBriefs