US SEC chief says cyber crime risks are substantial, systemic


  • TECH
  • Wednesday, 06 Sep 2017

FILE PHOTO: LAN network cables plugged into a computer server in Singapore July 26, 2017. REUTERS/Thomas White/File Photo

NEW YORK: Regulators must do more to help mom-and-pop investors better understand the potential risks posed by cyber crime and new technologies used to commit fraud, US Securities and Exchange Commission Chairman Jay Clayton said on Sept 5. 

Clayton, who was appointed to the commission earlier this year, said cybersecurity would be one of the top enforcement issues during his tenure at the head of Wall Street's main regulator. 

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