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SEC’s OCIE Issues Cybersecurity Alert

On May 17, 2017, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) issued a Cybersecurity: Ransomware Alert in connection with the prior week’s widespread “WannaCry” ransomware attack, in which the Staff shared key takeaways from OCIE’s recent Examination Initiative to assess industry cybersecurity preparedness.