Tag: cybersecurity compliance
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A Comprehensive Roadmap for Data-Centric IT Risk Management in Financial Services
Data has become the lifeblood of the financial industry, particularly for investment advisers, broker-dealers, and investment companies. Managing IT risks associated with data is not just a regulatory necessity; it’s a fundamental component of maintaining client trust and ensuring operational resilience. This article provides a detailed roadmap to build and execute a data-centric IT risk… Read more
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Essential Cybersecurity Policies for Investment Advisers: Protect Your Firm and Build Client Trust
With cyber threats intensifying across industries, investment advisers face unique vulnerabilities that can compromise sensitive client information, disrupt operations, and damage reputation. The stakes are particularly high in the financial sector, where cybersecurity threats directly impact client trust and regulatory compliance. The 2025 SEC Examination Priorities make it clear: cybersecurity, client data protection, and operational… Read more
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How Third-Party Vendor Risk Cost Voya Financial Advisers $1,000,000
Financial advisory firms rely heavily on third-party vendors to streamline operations, connect with clients, and enhance service offerings. These vendors, often forming a financial firm’s supply chain, include robo-advisors, customer relationship management (CRM) systems, and other software services critical to client interactions and internal management. However, as the case of Voya Financial Advisors reveals, inadequate… Read more
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FINRA’s Phishing Guidelines: Essential Strategies for Investment Firms to Stay Protected
Phishing attacks have become one of the most prevalent and dangerous cybersecurity threats facing businesses today, including investment advisor firms. The Financial Industry Regulatory Authority (FINRA) recently issued guidance in response to a phishing campaign that targets financial services firms, underscoring the need for vigilance and robust cybersecurity practices. This article will break down the… Read more
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5 Essential Cybersecurity Policies Every Investment Advisor Must Add to Their Compliance Manual
Investment advisors face increasing scrutiny from regulatory bodies, such as the SEC and FINRA, regarding cybersecurity practices. Ensuring proper cybersecurity policies are in place is critical to safeguarding sensitive client information and maintaining trust. Moreover, these policies are not only necessary for protecting your firm and clients from data breaches but also for complying with… Read more