After naming Kristina Littman as Chief of the Division of Enforcement’s Cyber Unit in December, the USA Securities and Trade Fee has launched extra recent blood to its ranks. On Feb. 13, Nancy Sumption was introduced because the successor to Kevin Zerrusen, the previous Senior Advisor for Cybersecurity Coverage to Chairman Jay Clayton.
Nancy Sumption has labored in cybersecurity and privateness in healthcare and finance along with her 20 years of public service as an officer and workers decide advocate within the U.S. Air Pressure, the U.S. intelligence group, and the Division of Justice. In an SEC press launch, Ms. Sumption said:
“I look ahead to working with [Chairman Clayton], the SEC workers, fellow regulators, and trade to deepen our partnerships to reinforce operational resiliency and handle cyber dangers.”
What Nancy Sumption’s Appointment Means for SEC Coverage
Ms. Sumption shouldn’t be the one current addition working within the U.S. authorities to higher enhance their understanding of crypto safety. Andrew Ridenour was named as a senior counsel to the chairman Heath Tarbert, on the Commodity Futures Buying and selling Fee (CFTC) in Jul. 2019. Ridenour labored on the main cryptocurrency alternate Coinbase. The SEC additionally employed a crypto professional in Apr. 2019, furthering the company’s efforts to observe and crack down on crypto criminals.
Hopefully, Ms. Sumption’s expertise in cybersecurity will assist improve the SEC’s mechanisms for assessing and responding to dangers. She has been an avid supporter of alternatives to coach others on cybersecurity, information safety, and privateness.
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