The US Securities and Exchange Commission (SEC) has established a new unit called the Cyber and Emerging Technologies Unit (CETU) to combat cyber-related misconduct and protect retail investors from emerging technology threats. Led by Laura D’Allaird, the CETU replaces the agency’s previous Crypto Assets and Cyber Unit and includes fraud specialists and attorneys from across SEC offices. The unit will focus on cyber threats impacting the financial industry, such as fraudulent schemes involving artificial intelligence and machine learning, scams on social media and deceptive websites, hacking activities, retail brokerage account takeovers, blockchain and cryptocurrency fraud, cybersecurity compliance, and fraudulent disclosures by public companies concerning cybersecurity incidents. The goal of the unit is to protect investors and facilitate innovation in the market. D’Allaird will oversee the SEC’s enforcement efforts related to crypto and cybersecurity issues. The establishment of CETU reflects the SEC’s regulatory push in response to rapidly evolving technologies.



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