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SEC Charges Four Companies With Misleading Cyber Disclosures

T he Securities and Exchange Commission has charged four public companies with making materially misleading disclosures regarding cybersecurity risks and intrusions. The charges against the four companies—Unisys, Avaya, Check Point Software, and Mimecast—result from an investigation involving public companies impacted by the compromise of SolarWinds’ Orion software. The SEC also
CC360 Staff October 23, 2024 0

SEC Issues It’s List of 2025 Examination Prioriries

T he Securities and Exchange Commission’s Division of Examinations has released its 2025 examination priorities. This year’s examinations will prioritize perennial and emerging risk areas, such as fiduciary duty, standards of conduct, cybersecurity, and artificial intelligence. For fiscal year 2025, in addition to conducting examinations in core areas such as
CC360 Staff October 22, 2024 0

DoD Finalizes Cybersecurity Certification Program for Contractors

T he U.S. Department of Defense issued final rules for its Cybersecurity Maturity Model Certification (CMMC) Program, which is indented to ensure that defense contractors meet standards for safeguarding sensitive information. The CMMC Program aligns with the DoD’s existing information security requirements for private sector defense contractors. It is designed
CC360 Staff October 17, 2024 0

TD Bank to Pay $3B in Plea to Settle Money-Laundering Case

C anadian-based TD Bank will pay more than $3 billion in a historic settlement with U.S. authorities who said that the financial institution’s lax practices allowed significant money laundering over multiple years. The bank pleaded guilty to conspiracy to commit money laundering, the largest bank in U.S. history to do
CC360 Staff October 10, 2024 0

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