The SEC has quite recently added some fresh blood into its system, by way of assigning one Kristina Littman to the position of Chief of the Cyber Unit of the Division of Enforcement. Building on this new trend, the SEC has incorporated more fresh faces into its fold. On the 13th of February, 2020, Nancy Sumption was announced to succeed one Kevil Zerrusen. Sumption will take on the role of the Senior Advisor for Cybersecurity Policy, giving aid to the company’s Chairman, Jay Clayton, much like Zerrusen did before her.
Replacing Zerussen With Sumption
Nancy Sumption is no wet-ear when it comes to cybersecurity, however. She has worked within the privacy and cybersecurity sectors for both the finance and the healthcare industries. She has spent twenty years in the public service sector, serving as a staff judge advocate and an officer within the US Air Force, the Department of Justice, as well as the US Intelligence.
With her new position, Sumption will work alongside the SEC with things like cybersecurity policy, as well as engaging external stakeholders when it relates to cybersecurity. Furthermore, she will strive to enhance the mechanisms the SEC uses for the assessment and response to risks associated with the cyber sector.
The Mandatory Kind Words
Jay Clayton, the Chairman of the SEC, expressed his pleasure in adding Sumption into the SEC fold. He cited her vast experience of working within both the private and federal government sectors, stating that she has acquired a deep base of knowledge to call on when it comes to cybersecurity. With her expertise in the cyber risk landscape, Clayton believes that she will only benefit the SEC and the market participants it regulates.
He went further on, thanking Kevin Zerrusen for his years of work within the SEC. He stated that Zerussen strengthened the SEC’s cybersecurity practices, and the ones they regulated to an extent. Clayton expressed that Zerussen was a valuable asset, to him, the US’s regulated community, and to the SEC itself.
The Changing Of Times
Sumption, for her part, kept things a tad less flowery. She explained that she was honored to be selected by Clayton to serve this position and that she looks forward to the work ahead of her. She stated that she aims to manage cyber risks further while boosting the resilience of the SEC’s operational capacity.
The SEC is putting new blood in its system, heralding the changing of times. With any luck, this will do the regulator a lot of good.