The U.S. Securities and Exchange Commission has opened investigations of multiple companies in recent months examining whether they properly handled and disclosed a growing number of cyberattacks.
Entries in Luis A. Aguilar (3)
On June 30, the Justice Department and other federal and state agencies announced the long awaited settlement in the BNP case. The bank forfeited $8.8 billion and paid fines of $140 million for the “hat-trick of sanctions violations” -- unlawfully offering the U.S. financial markets to three sanctioned countries: Sudan, Iran and Cuba.
SEC Commissioner Luis A. Aguilar talked about the role of the board of directors in managing cyber risks in light of recent data breaches that have generated media attention and raised public awareness.