Cyber Risk

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The Securities and Exchange Commission (SEC) is proposing new rules to require registered funds (RFs) and investment advisers (RIAs) to implement comprehensive cybersecurity programs. Under the proposed rules, the SEC seeks to accomplish four main objectives, requiring RFs and RIAs to:

  • Maintain and implement cybersecurity policies and procedures;
  • Adopt new recordkeeping standards;
  • Report significant cybersecurity incidents to the commission; and
  • Disclose cybersecurity risks and incidents to clients and investors.

Continue Reading SEC proposes cybersecurity rules for registered funds and investment advisers

Many companies across a number of industry sectors have experienced some form of cyber attack – attacks which can destroy a company’s financial standing, reputation and potentially its competitive advantage, through the loss of commercially sensitive data. In response, and with the need to access and share information related to cyber attacks more widely amongst…