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Tag: sec

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Cybersecurity Threats to Financial Services Emerge with Growth of AI

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The hit film Terminator 2: Judgment Day cemented Arnold Schwarzenegger’s leading-man status with his portrayal of a reprogrammed T-800 Terminator assigned to help humanity stop the artificial intelligence Skynet from taking over the world....

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Cyber Disclosure Rules Yet to Cause Market Declines Once Feared

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Despite long-simmering dread that the Securities and Exchange Commission’s cybersecurity disclosure rules would cause share prices to plunge, research indicates companies realized only minimal losses after reporting cyber-related incidents....

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SEC Goes After “Fake It Till You Make It” Fraudsters

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In 2022, a jury convicted Theranos Inc. founder Elizabeth Holmes of perpetrating an audacious fraud against investors in her blood-testing company that turned the Stanford University dropout into a billionaire in her early 20s. Her story ha...

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SEC Tags DraftKings for Regulation FD Violation

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As the CEO of Boston-based sports gambling operator DraftKings Inc. learned recently, corporate executives are rolling the dice when they discuss their companies on social media. The Securities and Exchange Commission last month announced a...

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FBI Warns of Explosion in Crypto Fraud

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Ever since cryptocurrency was introduced to the masses, its supporters have fought against the perception that it is nothing more than a mode of exchange for shady pursuits. A new report from federal law enforcement authorities won’t help t...

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