Partner Fred Block was quoted by Risk Management Magazine discussing the likelihood that the US Securities and Exchange Commission (SEC) will pursue investigations related to cybersecurity. Fred said expectations are that the SEC will “aggressively pursue” such investigations, pointing to the SEC’s case against a chief information security officer at a company that had a high-profile cyber intrusion, as well as the agency’s fight for access to information related to a cyber intrusion at a national law firm.
“The SEC likely would not be spending these resources if they were not prepared to continue investigating whether companies who have suffered data breaches are accurately disclosing information about these breaches,” Fred said.