SEC Asks for Computer Systems Review: The...
From Times Staff and Wire Reports
SEC Asks for Computer Systems Review: The Securities and Exchange Commission will ask stock exchanges to voluntarily test the capabilities and security of their computer systems. The five-member commission voted unanimously to approve a policy statement calling on self-regulatory organizations in the securities industry to review their computer systems periodically. The SEC wants the industry to conduct studies to assess their systems’ capacity to handle heavy volume and their vulnerability to natural catastrophes and human tampering.
