Financial Services Financial Services

US firms’ cyber breaches often reported by news media before companies themselves, SEC's top cop says

By Neil Roland
  • 28 Jun 2023 19:23
  • 28 Jun 2023 19:45
Gurbir Grewal, the US Securities and Exchange Commission’s enforcement chief, said the news media often reports cybersecurity breaches at firms before the firms themselves do, suggesting “gamesmanship” around disclosure and internal failure to report incidents “up the chain.”
Grewal cited two cases, including the SEC’s 2021 fine of Pearson, an

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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