With increased oversight, regulatory scrutiny and risk related to cybersecurity, now may be the time for those in the asset management industry to be proactive in managing cybersecurity risk.

Cybersecurity continues to concern many industries, due to potentially broad exposure among both the media and regulators. The number of recorded data breaches rose 30% from 2012 to 2013, and on August 28, it was reported that the FBI is investigating data breaches between four and five major U.S. financial institutions, including J.P. Morgan.

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