Key Data Privacy And Security Concerns For Investment Firms

I. Introduction

Privacy and data security concerns are among the most critical issues facing investment funds, advisors and managers (collectively, "investment firms"). This article outlines the privacy and data security challenges confronting investment firms, including the increased focus on the privacy and security of sensitive information by state, federal, and foreign authorities. With daily attacks by hackers on corporate networks and the looming threat of government enforcement actions and civil litigation, investment firms are wise to develop and implement effective strategies to protect their organizations and the portfolio companies they manage from privacy and security threats.