Doug Cornelius on compliance for private equity real estate
There was a massive cyberattack over the weekend that has afflicted 200,000 computers in more than 150 countries. The malware locks users out of their computers and threatens to destroy data if a ransom is not paid. It turns out that the the malicious software used in the cyberattack was originally been developed by the … Read more »
Last week the Securities and Exchange Commission issued a new risk alert on cybersecurity and this week the SEC announced a new action for a cybersecurity breach. The action is just as bad as I thought it could be. It also shows that the SEC is misplaced in being a cybersecurity enforcer. R.T. Jones Capital … Read more »
Last year, the Securities and Exchange Commission raised a cloud of concern when it started its cybersecurity initiative aimed at broker/dealers, investment advisers and fund managers. Based on an interview in April it seems that initiative would continue into a phase 2. The SEC recently released its OCIE’s 2015 Cybersecurity Examination Initiative. According to the … Read more »
Cybersecurity has become an increasing focus of financial regulators. Insurance companies are stepping up to help deal with the risk of cyber attacks. Bruce Carton’s CyberSecurity Docket hosted a great webinar on cyber insurance. These are some of the highlights. John Reed Stark is President of John Reed Stark Consulting LLC, a data breach incident … Read more »
Last year, the SEC raised a cloud of concern when it started its cybersecurity initiative aimed at broker/dealers, investment advisers and fund managers. Based on an interview last month it seems that initiative would continue into a phase 2. The SEC recently released its Cybersecurity Guidance that enunciates some steps investment advisers and fund managers … Read more »
According to a story in IA Watch, advisers should expect a second phase of the SEC’s look at cybersecurity. In an interview with IA Watch on March 9, Jane Jarcho, OCIE’s national associate director of the Investment Adviser/Investment Company exam program, described the current thinking behind its “phase 2” initiative around cybersecurity. According to the … Read more »
The Securities and Exchange Commission put the financial sector in a tizzy when it announced a sweep exam addressing cybersecurity last April. Along with the announcement came a detailed document request list that would make most compliance officers’ heads spin. The problem with the cybersecurity sweep is that it seems to be coming from the … Read more »
The Securities and Exchange Commission has off-an-on expressed concerns about cybersecurity for broker-dealers and registered investment advisers. Now it’s officially concerned. The SEC’s Office of Compliance Inspections and Examinations has announced a new cybersecurity initiative. The Risk Alert follows the announcement of a technology element in OCIE’s 2014 examination priorities and the SEC’s March 26, 2014 … Read more »
You may have heard the story about the computer programmer who outsourced his work duties and sat in is office watching cat videos all day. “Bob” was an “inoffensive and quiet” programmer in his mid-40’s, with “a relatively long tenure with the company” and “someone you wouldn’t look at twice in an elevator.” His company … Read more »
October is National Cyber Security Awareness Month. Check out the top tips to keep you safe online: Know who you’re dealing with online. Keep your web browsers and operating system up to date. Back up important files. Protect your children online. Use security software tools as your first line of defense. Use strong passwords or … Read more »