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Rajib Chanda Quoted in Ignites on SEC’s Own Data Security
03.24.16
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Corporate Partner Rajib Chanda was quoted in Ignites, a Financial Times news service in an article titled “SEC to Industry: We’re Looking Hard at Our Cyber Security.” The article discusses recent industry concerns that new data they would provide the agency under a 2015 rule proposal to update fund disclosure could make the agency a target for cyber criminals. Some have requested that a third party evaluate the SEC’s security before firms are forced to comply with the new rule. According to Rajib, there are “limited bases” for the industry to challenge a final disclosure rule in court. He also addresses the common interest among the SEC and the industry on this issue, saying “the SEC doesn’t want to undermine its data-gathering abilities any more than the industry wants to see its confidential data exposed to the public and competitors.”