Bloomberg: SEC Probes Threat from Cyber Attacks Against Wall Street
Bloomberg has published an article about the SEC Cybersecurity Roundtable which took place on March 26, 2014 in Washington, DC. Trillium’s Director of Shareholder Advocacy, Jonas Kron, was a panelist at the roundtable.
Dave Michaels and Chris Strohm write:
“The U.S. Securities and Exchange Commission is examining the exposure of stock exchanges, brokerages and other Wall Street firms to cyber-attacks that have been called a threat to financial stability…
[The] event was spurred by SEC Commissioner Luis A. Aguilar, who today called for the agency to establish a cybersecurity task force…
Companies’ public reports so far about cyber-attacks have mostly provided investors with ‘boilerplate’ language, said Jonas Kron, director of shareholder advocacy at investment adviser Trillium Asset Management LLC, which has pushed Apple Inc. and EBay Inc. to disclose more about risks related to privacy and data security.
‘That is really unfortunate,’ Kron said today. ‘What the disclosure system is supposed to do is create differentiation.’”
You can read the entire article here.