Cybersecurity policy may still be very much a work in progress at the SEC, but officials increasingly are expecting advisors to have a baseline set of policies and procedures in place to safeguard clients' data, compliance experts caution.
Earlier this year, when the SEC announced a new cybersecurity initiative, the commission said that examiners would fan out to dozens of advisors and broker-dealers to gather information on "cybersecurity governance, identification and assessment of cybersecurity risks, protection of networks and information, risks associated with remote customer access and funds transfer requests, risks associated with vendors and other third parties, detection of unauthorized activity, and experiences with certain cybersecurity threats."
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access