SEC Cybersecurity Readiness Program

Over the last five years, the number of cyber attacks on businesses increased by 144%, the cost of cyber crime per company has increased by 95%, and the average time to resolve incidents has increased by 221%.1 Faced with the reality of this increasing threat, the SEC issued the 28-item OCIE Risk Alert in April 2014, followed by a Guidance Update a year later in April 2015. Additionally, a stream of large corporate breaches, including Target, Home Depot, eBay, JP Morgan, Sony, and others, exposed critical vulnerabilities that ignited investor and C-Suite pressure, demanding firms to act. That’s where we come in.

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