On June 14, in testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, the SEC Chairperson called cybersecurity "one of the greatest risks facing the financial services industry." She outlined the Commission's efforts to address the risks posed by cyber attacks and reaffirmed that Commission staff would continue to focus on cybersecurity and controls in 2016.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.