After naming Kristina Littman as Chief of the Division of Enforcement’s Cyber Unit in December, the US Securities and Alternate Fee has launched extra contemporary 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 twenty years of public service as an officer and employees decide advocate within the U.S. Air Pressure, the U.S. intelligence neighborhood, and the Division of Justice. In an SEC press release, Ms. Sumption said:
“I look ahead to working with [Chairman Clayton], the SEC employees, fellow regulators, and business to deepen our partnerships to reinforce operational resiliency and handle cyber dangers.”
What Nancy Sumption’s Appointment Means for SEC Coverage
Ms. Sumption will not be the one current addition working within the U.S. authorities to raised 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 trade Coinbase. The SEC additionally hired a crypto expert 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 teach others on cybersecurity, knowledge safety, and privateness.