The SEC’s Office of Compliance Inspections and Examinations issued a risk alert about recent ransomware attacks and offered some best practices for smaller firms for dealing with ransomware incidents. We recommend reviewing the agency's recent alert, as well as its 2014 guidance,

Based on a recent review of 75 registrants, the OCIE recommends that firms perform a cyberrisk assessment, conduct penetration and vulnerability tests, and ensure software maintenance including adequate software patches.

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