Regulatory Compliance Association Reviews

Cyber Security Update for Wealth and Asset Managers

Practice Edge 02

Cyber Security update for Wealth and Asset Managers™

Date: July 22, 2014
General Session: 12 Noon to 1:30 PM
Location: Webcast (Free)

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As financial services firms are being increasingly targeted by cyber-attacks, the ability to prevent, detect, respond and recover from cyber-attacks has become an important and growing concern to the wealth and asset management industry. The SEC recently announced that cyber security will be a focus area in its 2014 review of asset managers and beyond. This session will discuss the changing cyber security landscape, the security challenges faced by organizations and how cyber security is driving increased regulations. The session will also address some of the focus areas for wealth and asset managers that will help improve their security posture and create a framework that will address the risks from such attacks. Finally, the session will explore the focus areas of the SEC and how you can prepare for an examination; Discussing some leading implementation practices that firms have adopted, including the National Institute of Standards and Technology Framework.

At the conclusion of this class session, students will master the following:

  • Define cyber security;
  • Recognize the emerging risks to Asset Management Firms;
  • Define security challenges and who is ultimately responsible for cyber security in an organization;
  • List the SEC’s cyber security focus areas;
  • Apply regulatory/compliance considerations to their planning;
  • Outline the focus areas for wealth and asset managers in protecting against cyber threats; and
  • Apply leading practices in their fight against cyber crimes

Session Chairman:
Walter Zebrowski, JD, CPA, Principal, Hedgemony Partners
Chairman, Regulatory Compliance Association

Senior Fellow from Practice:
Ralph Mittl, Principal, EY

Guest Lecturers:

Chris Hetner, Senior Manager | Information Security, EY
Jaime Kahan, Principal, EY
Scott Pomfret, Regulatory Counsel | Chief Compliance Office, Highfields Capital Management
Gerard M. Stegmaier, JD, Partner, Goodwin Procter

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