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"Working On ‘Team Cyber’" - Remarks Before the Joint Meeting of the Financial and Banking Information Infrastructure Committee (FBIIC) and the Financial Services Sector Coordinating Council (FSSCC)

· Gary Gensler, Chair of the U.S. Securities and Exchange Commission (United States)

Summary written by Dark Majestic in its own words · topics: development and emerging economies, technology, ai and cyber risk

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission Wiki"Working On ‘Team Cyber’" - Remarks Before the Joint Meeting of the Financial and Banking Information Infrastructure Committee (FBIIC) and the Financial Services Sector Coordinating Council (FSSCC)

ContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.

Why it mattersGensler presents cybersecurity proposals to financial sector partners.

Problems raised
  1. Cyber incidents can stop critical operations.
  2. Clients lack information on cyber risks.
  3. Cyber hygiene is uneven.
Solutions proposed
  1. Propose cybersecurity reforms for registrants.
  2. Improve incident disclosure.
  3. Give the SEC more insight into cyber risks.
Read full speech on sec.gov ↗

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