Firms Urged to Review AI Cyber Defences and Valuations
Legal experts say financial firms should check their AI cyber defences and how they value private credit. The advice follows a shift in what the SEC, the US market regulator, focuses on when it inspects firms. Firms that manage money may need to update their rules soon.
Quick glossarySEC, Private credit, Cyber defences
- SEC
- The US Securities and Exchange Commission, the government body that oversees stock markets and investment firms.
- Private credit
- Loans made by investment funds directly to companies, instead of by traditional banks.
- Cyber defences
- Tools and rules that protect computer systems and data from hackers and other digital attacks.
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