SEC Cautions That Cyber-Related Fraud Could Evidence Failed Internal Accounting Controls

SEC Cautions That Cyber-Related Fraud Could Evidence Failed Internal Accounting Controls

Oct 29, 2018

Client Alert

Brownstein Client Alert, October 29, 2018

On Oct. 16, 2018, the Securities and Exchange Commission (the “SEC”) released a cautionary report discussing whether certain public companies that had become victims of cyber-related fraud may have violated federal securities laws by failing to have adequate internal controls over financial reporting. Companies should take note of the SEC’s report and carefully consider if they have implemented the safeguards and training necessary to avoid falling victim to such fraud.

To read the full alert, click the PDF above.

Meet The Team

Rikard D. Lundberg Shareholder T 303.223.1232 rlundberg@bhfs.com
Trayton D. Oakes Associate T 303.223.1295 toakes@bhfs.com