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ARTICLE · 30 APRIL 2015

SEC Issues Cybersecurity Guidance Update For Investment Advisers

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In summary, the Guidance Update notes the Division staff’s view that funds and investment advisers may wish to consider the following in order to address cybersecurity risk in their organizations

United StatesFinance and Banking
Catherine M. Anderson
Catherine M. Anderson
Robert Sawyer
Robert Sawyer
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On April 28, 2015, the SEC's Division of Investment Management (the "Division") issued a Guidance Update regarding the SEC's initiative to assess cybersecurity preparedness and threats in the securities industry, further highlighting this as an important area of focus for the SEC in its compliance initiatives.

The full text of the Guidance Update is available here. In summary, the Guidance Update notes the Division staff's view that funds and investment advisers may wish to consider the following in order to address cybersecurity risk in their organizations:

  1. Periodic cybersecurity assessments, including evaluating the information the firm has in its control, the cybersecurity risks (vulnerabilities and possible impact from systems becoming compromised), current controls and their effectiveness.

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