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SEC settles with ICE for $10 million for failing to timely report cyber incident
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Emerging Technology, Securitization
Friday, May 31, 2024
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The Securities and Exchange Commission reached a $10 million settlement with The Intercontinental Exchange, Inc. for its failure to timely notify legal and compliance officials about a system intrusion. As a result, nine wholly-owned subsidiaries, including the New York Stock Exchange, were unable to fulfill their timely reporting requirements regarding the cyber incident.
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