The SEC filed a cybersecurity lawsuit against Solar Winds on October 30, 2023, not even two months after the SEC’s final cybersecurity rules for public companies came into force. The lawsuit for ‘fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities’ is a harbinger for a set of sweeping new cybersecurity rules expected to be implemented for the asset management industry.
Click ‘read more’ below for BW Cyber Founder, Michael Brice’s thoughts on why this is relevant for RIAs and fund managers, and what to do about it.
A quite remarkable development occurred in mid-November: a cyber-criminal organisation filed a complaint with the U.S. Securities and Exchange Commission because one of their victims didn’t comply with the four-day rule to disclose a cyberattack.
Click ‘read more’ below for why this is relevant for the asset and wealth management community.
Click ‘read more’ below for why this is relevant for the asset and wealth management community.
