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31 Aug 2021, 10:45 am
“As the order finds, Pearson opted not to disclose this breach to investors until it was contacted by the media, and even then Pearson understated the nature and scope of the incident, and overstated the company’s data protections,” said Kristina Littman, Chief of the SEC Enforcement Division’s Cyber Unit. [read post]
1 Dec 2022, 8:25 am
“As the order finds, Pearson opted not to disclose this breach to investors until it was contacted by the media, and even then Pearson understated the nature and scope of the incident, and overstated the company’s data protections,” said Kristina Littman, Chief of the SEC Enforcement Division’s Cyber Unit. [read post]
1 Sep 2021, 5:45 am
This series of cases is the latest in a string of recent SEC enforcement cases (which includes the Pearson plc penalty) involving deficient cybersecurity controls and procedures. [read post]