The SEC named its first chief risk officer on Thursday. The move follows a 2016 hack that exploited a software vulnerability and resulted in access to nonpublic information.
Photo:
Andrew Harnik/Associated Press
The Securities and Exchange Commission on Thursday said Gabriel Benincasa would become the regulator’s first chief risk officer.
The role was created to strengthen risk management and cybersecurity efforts at the regulatory agency, whose public online database of filings was hacked in 2016.
SEC Chairman Jay Clayton said he planned to establish the position in a hearing at the U.S. House Financial Services Committee in October 2017, a month after the SEC disclosed the breach.
