Story perspectives

SEC Unveils New Unit to Combat Cyber Fraud

2/21/2025

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Summary

Story summary

The SEC launched the Cyber and Emerging Technologies Unit (CETU) on February 20, led by Laura D’Allaird.
CETU replaces the Crypto Assets and Cyber Unit, targeting fraud in AI, blockchain, social media, and cybersecurity.
Comprising around 30 fraud specialists, CETU aims to safeguard investors while fostering innovation.
Acting Chair Mark Uyeda highlighted the importance of careful enforcement and collaboration with the Crypto Task Force.

History

Historical Context

The SEC's establishment of the Cyber and Emerging Technologies Unit (CETU) reflects ongoing efforts to combat financial fraud, reminiscent of the agency's response to the 2008 financial crisis. Following that crisis, the SEC intensified its focus on complex financial instruments and fraud, as seen in high-profile cases like those against Goldman Sachs. CETU aims to address modern risks in AI and blockchain, echoing past initiatives to protect investors.

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Story summary

The SEC launched the Cyber and Emerging Technologies Unit (CETU) on February 20, led by Laura D’Allaird.
CETU replaces the Crypto Assets and Cyber Unit, targeting fraud in AI, blockchain, social media, and cybersecurity.
Comprising around 30 fraud specialists, CETU aims to safeguard investors while fostering innovation.
Acting Chair Mark Uyeda highlighted the importance of careful enforcement and collaboration with the Crypto Task Force.

1 / 2