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Log inRegister CISO Stories Topics Events Podcasts Research Recognition Leadership About Open Search Bar ADVERTISEMENT Governance, Risk and Compliance, Government Regulations, Breach SEC IMPOSES $10M FINE ON NYSE OWNER FOR BREACH REPORTING FAILURE SC StaffMay 23, 2024 (Adobe Stock) Intercontinental Exchange, the parent firm of the New York Stock Exchange, has been ordered by the U.S. Securities and Exchange Commission to pay $10 million following its failure to promptly report a data breach in 2021, which affected the NYSE and eight other subsidiaries, according to The Register. Despite being required to immediately notify the SEC about incidents covered under the Systems Compliance and Integrity rules, ICE waited days before alerting experts outside its information security team about a compromise impacting the firm and its subsidiaries that was facilitated by an attack leveraging a VPN zero-day vulnerability, claimed the SEC in court documents. While ICE regarded the incident as a "de minimis event," the SEC noted a "reasonable basis" for the firm to immediately inform the SEC regarding the compromise. "When it comes to cybersecurity, especially events at critical market intermediaries, every second counts and four days can be an eternity," said SEC Division of Enforcement Director Gurbir Grewal. SC Staff RELATED Governance, Risk and Compliance US ARRESTS, CHARGES CHINESE NATIONALS INVOLVED IN $73M PIG BUTCHERING SCHEME SC StaffMay 22, 2024 The U.S. Department of Justice announced that Chinese nationals Daren Li and Yicheng Zhang have been apprehended and indicted for leading a pig butchering scheme that allegedly resulted in the laundering of at least $73 million, The Hacker News reports. Governance, Risk and Compliance HOUSE DEFENSE BILL EXPECTED TO INCLUDE CYBER FORCE CREATION SC StaffMay 22, 2024 House Armed Services Committee members Morgan Luttrell, R-Texas, and Chrissy Houlahan, D-Pa., will be advancing a proposed amendment to the upcoming fiscal year's defense authorization legislation that would establish a dedicated Cyber Force under the Department of Defense, according to The Record, a news site by cybersecurity firm Recorded Future. Governance, Risk and Compliance POLAND ADVANCING SPYWARE ABUSE ACCOUNTABILITY SC StaffMay 22, 2024 Nearly two years after refusing to cooperate in a European Parliament probe regarding its extensive abuse of NSO Group's Pegasus spyware, Poland has made significant strides in ensuring accountability in spyware exploitation, with the country joining a Biden administration commitment against spyware misuse aside from the country's national prosecutor noting that almost 600 individuals had been subjected to spyware surveillance by its then-ruling Law and Justice party from 2017 to 2022, CyberScoop reports. RELATED EVENTS * Cybercast SEC CYBER COMPLIANCE READINESS: 4 STEPS EVERY LEADER SHOULD TAKE NOW On-Demand Event * Cybercast THE RECKONING: WHY TRADITIONAL MFA IS NOT ENOUGH FOR CYBER INSURANCE COMPLIANCE On-Demand Event ADVERTISEMENT GET DAILY EMAIL UPDATES SC Media's daily must-read of the most current and pressing daily news Business Email By clicking the Subscribe button below, you agree to SC Media Terms and Conditions and Privacy Policy. Subscribe ADVERTISEMENT ADVERTISEMENT You can skip this ad in 2 seconds -------------------------------------------------------------------------------- ABOUT US SC MediaCyberRisk AllianceContact UsCareersPrivacy GET INVOLVED SubscribeContribute/SpeakAttend an eventJoin a peer groupPartner With Us EXPLORE Product reviewsResearchWhite papersWebcastsPodcasts Copyright © 2024 CyberRisk Alliance, LLC All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of CyberRisk Alliance Privacy Policy and Terms & Conditions. COOKIES This website uses cookies to improve your experience, provide social media features and deliver advertising offers that are relevant to you. If you continue without changing your settings, you consent to our use of cookies in accordance with our privacy policy. You may disable cookies. Accept cookies