Tag: FINRA Rule 4370
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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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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
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Understanding the Difference Between the NIST Risk Management Framework (RMF) and NIST Cybersecurity Framework (CSF) and Adoption Guidance for Financial Advisor Firms
In an era where financial firms, including registered investment advisors (RIAs), must comply with stringent cybersecurity regulations, understanding effective cybersecurity frameworks is crucial. Two of the most widely recognized frameworks for managing cybersecurity risks are the NIST Risk Management Framework (RMF) and the NIST Cybersecurity Framework (CSF). While both frameworks originate from the National Institute… Read more