September 30, 2015
The Securities and Exchange Commission is the latest federal agency turning up the heat on companies whose lax cybersecurity has contributed to breaches of user data.
The SEC’s action, along with those last month at the Federal Trade Commission and in federal courts, is starting to sketch out a pattern of dwindling tolerance for negligence by companies in protecting their computer systems.
Last week, the SEC announced a settlement with St. Louis-based R.T. Jones Capital Equities Management, which lost the personally identifiable information (PII) of approximately 100,000 people.