Odaily Planet Daily News The U.S. Securities and Exchange Commission (SEC) today announced the establishment of the Cyber and Emerging Technology Unit (CETU), which focuses on combating cyber-related misconduct and protecting retail investors from bad actors in the emerging technology sector. Led by Laura D'Allaird, CETU replaces the Crypto Assets and Cyber Unit and is composed of approximately 30 fraud experts and lawyers from multiple SEC offices.
Specifically, CETU will use the staff's extensive fintech and cyber-related experience to combat misconduct related to securities transactions in the following priority areas:
Fraud committed using emerging technologies such as artificial intelligence and machine learning;
Fraud committed using social media, the dark web, or fake websites;
Hacking to obtain material non-public information;
Acquisition of retail brokerage accounts;
Fraud involving blockchain technology and crypto assets;
Compliance with cybersecurity rules and regulations by regulated entities;
Fraudulent disclosures by public issuers related to cybersecurity.