Eskenzi PR ad banner Eskenzi PR ad banner
  • About Us
Sunday, 3 July, 2022
IT Security Guru
Eskenzi PR banner
  • Home
  • Features
  • Insight
  • Events
    • Most Inspiring Women in Cyber 2021
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us
No Result
View All Result
  • Home
  • Features
  • Insight
  • Events
    • Most Inspiring Women in Cyber 2021
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us
No Result
View All Result
IT Security Guru
No Result
View All Result

SEC bolsters cyber and crypto assets team

The Securities and Exchange Commission has doubled its cyber and crypto assets team in an attempt to improve investor confidence

by Guru Writer
May 5, 2022
in Cyber Bites
bitcoins
Share on FacebookShare on Twitter

The Securities and Exchange Commission (SEC) has made serious improvements to its in-house cryptocurrency and cybersecurity skills.

The move comes as an attempt to improve investor confidence and enhance the transparency of listed companies.

20 additional positions have been added to the regulator’s newly renamed Crypto Assets and Cyber Unit. Previously known as the Cyber Unit, the function sits in the Division of Enforcement, growing to 50 dedicated positions.

While the SEC touted the previous successes of the unit, claiming it had brought about over 80 enforcement actions related to fraudulent and unregistered crypto assets since 2017, the regulator recognised the growing threat the investors from scams involving NFTs, decentralised finance platforms, crypto assets and exchanges and stable coins.

Commenting, Chris Caruana, VP of AML solutions at Feedzai noted:

“The SEC’s announcement is yet another signal from the regulatory community that cryptocurrency usage amongst the general population (specifically the investor community in this case) has risen to an adoption level that oversight obligations are growing.

“We continue to see the regulators staff-up capabilities while the guidance to the industry about who will be overseeing their activities evolves.  Much of this stems from the fact that cryptocurrency is still very much undefined – is it a security, currency, a commodity?  Existing regulations are expected to be layered into financial crime programs of players in this space, while the SEC and others attempt to understand what unique considerations are required for these market participants.”

He added: “We should anticipate a number of organisations offering cryptocurrency as a medium of exchange to be unprepared for the impending regulatory wave.  They would do well to employ experienced individuals and deploy leading technology, building out their financial crime program ahead of time.”

FacebookTweetLinkedIn
ShareTweetShare
Previous Post

TLStorm 2.0 – Airports, hospitals, hotels and enterprises at risk to new vulnerabilities

Next Post

NCSC updates build environment best practices

Recent News

A Vulnerability Management Program is Nothing Without Identity Risk Protection

A Vulnerability Management Program is Nothing Without Identity Risk Protection

July 1, 2022
SPACE Dynamic Orchestration in the SASE Cloud with Cato Networks

A Research of Threat Actor Activity & Myths Busted by Cato Networks

July 1, 2022
SPACE Dynamic Orchestration in the SASE Cloud with Cato Networks

SPACE Dynamic Orchestration in the SASE Cloud with Cato Networks

July 1, 2022
Over a Decade in Software Security: What Have We learned?

Over a Decade in Software Security: What Have We learned?

July 1, 2022

The IT Security Guru offers a daily news digest of all the best breaking IT security news stories first thing in the morning! Rather than you having to trawl through all the news feeds to find out what’s cooking, you can quickly get everything you need from this site!

Our Address: 10 London Mews, London, W2 1HY

Follow Us

© 2015 - 2019 IT Security Guru - Website Managed by Calm Logic

  • About Us
No Result
View All Result
  • Home
  • Features
  • Insight
  • Events
    • Most Inspiring Women in Cyber 2021
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us

© 2015 - 2019 IT Security Guru - Website Managed by Calm Logic

This site uses functional cookies and external scripts to improve your experience.

Privacy settings

Privacy Settings / PENDING

This site uses functional cookies and external scripts to improve your experience. Which cookies and scripts are used and how they impact your visit is specified on the left. You may change your settings at any time. Your choices will not impact your visit.

NOTE: These settings will only apply to the browser and device you are currently using.

GDPR Compliance

Powered by Cookie Information