SEC Investigative Report: Public Companies Should Consider Cyber Threats When Implementing Internal Accounting Controls
Publication Date: October 29, 2018

The Securities and Exchange Commission recently issued an investigative report cautioning that public companies should consider cyber threats when implementing internal accounting controls, calibrate their internal accounting controls to the current risk environment and assess and adjust policies and procedures accordingly. The report is based on the SEC Enforcement Division's investigations of nine public companies that fell victim to cyber fraud, losing millions of dollars in the process.