(Reuters) – The U.S. Securities and Exchange Commission’s enforcement division has showed a renewed interest in policing corporate failures over cyber security lapses.
This summer, London-based Pearson PLC settled with the agency over its handling of a cybersecurity incident, as did real estate title insurance company First American Financial Corp.
Stephanie Avakian, who was the co-director of enforcement at the SEC before becoming a partner at Wilmer Cutler Pickering Hale and Dorr, spoke with Reuters about the cases and what to expect from the regulator on the cyber front.
This conversation has been edited for clarity and length.
REUTERS: We recently saw an uptick in SEC enforcement actions on cybersecurity. Why?
AVAKIAN: The big case that the SEC had brought against a public company for a (cyber security) disclosure failure was the Yahoo case, which was several years…
