September 26, 2018
SEC Cybersecurity News Alert: Today, the Securities and Exchange Commission (SEC) announced that a Des Moines-based broker-dealer and investment adviser has agreed to pay $1 million for its failures in cybersecurity policies and procedures surrounding a cyber-breach.
The charge against Voya Financial Advisors Inc. (VFA) is the first SEC enforcement action charging violations of the Identity Theft Red Flags Rule.