Defining Issues 
  |   October 2018
 

SEC releases investigative report on cybersecurity frauds

Filed under: SEC matters

KPMG reports on the SEC investigative report detailing cyber-related threats of spoofed or manipulated electronic communications.  Companies should evaluate whether their internal control structure provides reasonable assurance against cybersecurity threats and vulnerabilities.

Applicability

SEC Release No. 84429

SEC registrants

Relevant dates

Effective immediately

Key impacts

The SEC report:

  • summarizes the investigation of nine companies that were victims of schemes involving spoofed or compromised electronic communications
  • discusses two specific types of email fraud schemes 
  • warns companies that cyber-related threats exist and should be considered by companies when designing and maintaining internal controls

Report contents

SEC releases investigative report on cybersecurity frauds

 

 

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