The CFTC’s Proposed Standards Identify Cybersecurity Best Practices

By Randal L. Gainer on January 19, 2016 Posted in Cybersecurity

The Commodity Futures Trading Commission (CFTC) offered several reasons for proposing five new cybersecurity testing requirements for the commodity trading platforms it regulates in its December 23, 2015, Notice of Proposed Rulemaking: More than half of the securities exchanges surveyed in 2013 reported that they had been the victim of cyberattacks. 80 Fed Reg. at … Continue Reading

CFTC Chairman Provides Guidance on Cybersecurity

By Patrick H. Haggerty on November 12, 2014 Posted in Cybersecurity

On November 5, 2014, the Chairman of the Commodity Futures Trading Commission, Timothy G. Massad, gave keynote remarks at the Futures Industry Association Expo 2014. Part of Chairman Massad’s remarks focused on the importance and oversight of cybersecurity and business continuity disaster recovery for the financial institutions, exchanges, and markets that the Commission regulates. Specifically, … Continue Reading

SEC and CFTC Propose Identity Theft Prevention Rules

By Craig A. Hoffman on March 14, 2012 Posted in Financial Privacy, Identity Theft

Reflective of an increased interest in data privacy concerns, on February 28, 2012, the Securities and Exchange and Commodity Futures Trading commissions jointly released proposed rules designed to protect investors from identity theft by mandating the creation of programs to detect potential security threats. The proposed rules are meant to implement Title X of the … Continue Reading