Analysis

Financial Firms’ Worst Mistakes With Cybersecurity

Law360, New York (August 21, 2017, 10:55 PM EDT) -- Although the U.S. Securities and Exchange Commission said earlier this month that broker-dealers, investment advisers and funds have improved their “cybersecurity preparedness” in recent years, it found a majority of firms still had issues.

The findings came in an Aug. 7 risk alert released by the SEC’s National Exam Program detailing observations from its exams of registered firms, and were mirrored in survey results released last week by Cipperman Compliance Services.

Cipperman found that 57 percent of surveyed alternative managers — a category that includes hedge fund and private equity fund managers — felt their cybersecurity policies didn’t meet regulatory requirements....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS