Colleges More Prone to Cybersecurity Breaches
With colleges and universities preparing for the new academic year, a recent report by BitSight Technology suggests some institutions are not prepared for potential cybersecurity threats. Tracking each college within the major athletic conferences over a one-year period, BitSight discovered that all conferences had a major decline in security performance. Specifically, the report noted that security defenses at colleges become weaker throughout the year due to more students and devices connected to campus networks, making malware infections a major threat. As a result, hackers are more likely to steal students’ and faculty members’ personal information. For the complete article , visit the. Read More.
Board of Directors Concerned About Cybersecurity
In a recent survey, over 250 corporate directors responded to questions regarding their companies’ top non-financial concerns. For the survey’s second straight year, reputational risk was listed as the highest concern among all respondents (72 percent), and second was cybersecurity and information technology (62 percent). Despite cybersecurity risk experiencing a nine percent jump from 2013, the survey revealed CFOs and CEOs lag on a strong understanding of the topic. Visit the CGMA Magazine for the survey’s complete results. Also check out our Industry section for the Firm’s services within the Technology sector.
Corp Fin to Review Disclosure Rules & Cybersecurity Protection in Fiscal 2015
Outlining next year’s policy objectives, Report on Objectives – Office of the Investor Advocate has been released by the U.S. Securities and Exchange Commission’s (“SEC”) Office of the Investor Advocate (“the Office”). Published on June 24th, the report details two major projects the Office will work on during fiscal year 2015. The projects include assisting the SEC’s Division of Corporation Finance (“Corp Fin”) revise disclosure requirements and reviewing cybersecurity for investor protection. Mandated by the JOBS Act, the SEC’s Mary Jo White considers the review of disclosure requirements in Regulation S-K a high priority. Using recommendations from the Report on. Read More.
Topics: Compliance, Cybersecurity, disclosure, Division of Corporation Finance "Corp Fin", Financial Industry Regulatory Authority "FINRA", Investor Protection, JOBS Act, Mary Jo White, Office of the Investor Advocate, Regulation S-K, U.S. Securities and Exchange Commission "SEC"