Cybersecurity Roundtable and Disclosure

, New York Law Journal


In her Securities Regulation column, Roberta S. Karmel of Brooklyn Law School writes that In addition to the publicity over the late 2013 Target cyber breach and the subsequent lawsuits against the company, the SEC had already been under some pressure from Congress to act with regard to cybersecurity. The flash crash of May 6, 2010, and subsequent serious glitches in the trading markets also heightened the sensitivity of the SEC and others to cybersecurity dangers to securities infrastructure institutions. In the aftermath of these disclosures and some other high-profile breaches, the SEC held a Cybersecurity Roundtable on March 26, 2014.

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