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US SEC cyber-related plans should be consolidated into one, industry groups say

By Neil Roland ( May 24, 2023, 21:13 GMT | Insight) -- The US Securities and Exchange Commission should consolidate three cybersecurity-related proposals into one — specifically, a plan to make broker-dealers and investment advisers notify individuals facing identity-theft risk from data breaches, industry groups said. Also, the Investment Company Institute, which represents mutual funds, and the Bank Policy Institute, made up of large banks, opposed SEC proposals to require public disclosure of cyber incidents.The US Securities and Exchange Commission should consolidate three cybersecurity-related proposals into one — specifically, a plan to make broker-dealers and investment advisers notify individuals facing identity-theft risk from data breaches, industry groups said this week....

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