Wall Street's top regulator on Thursday said it had updated rules to ensure investment companies and others work to detect and respond to hackers' theft of customer data.The changes, approved unanimously by the five-member U.S. Securities and Exchange Commission, apply to rules first adopted in 2000.
FILE PHOTO: The headquarters of the U.S. Securities and Exchange Commission are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File PhotoWall Street's top regulator on Thursday said it had updated rules to ensure investment companies and others work to detect and respond to hackers' theft of customer data.
"Over the last 24 years, the nature, scale, and impact of data breaches has transformed substantially," SEC Chair Gary Gensler said in a statement, adding that this required regulations to keep pace.
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