Odaily News The U.S. Securities and Exchange Commission (SEC) today announced the creation of the Cyber and Emerging Technologies Unit (CETU), which will focus 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 comprised of approximately 30 fraud experts and attorneys from multiple SEC offices.
Specifically, CETU will leverage its staff’s extensive fintech and cyber-related experience to combat misconduct related to securities trading in the following priority areas:
fraud committed using emerging technologies such as artificial intelligence and machine learning;
Using social media, the dark web or fake websites to commit fraud;
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.