10 ways advisers can improve their cybersecurity
The SEC has identified 28 specific cybersecurity risks and wants to know how advisory firms are managing these risks. Are firms inventorying all physical devices and software platforms? Are they mapping network resources? Are they cataloguing connections to the firms' network from external sources?
Chris Stanley, general counsel and chief legal officer for portfolio management firm Loring Ward, said that ultimately, the SEC may hand down guidance and rule making, but for now, advisers can use the agency's recent risk alert as an opportunity to step up their cybersecurity preparedness.
With that in mind, here are 10 tips for advisers who want to identify cyberthreats so they can shut them down.
By Joyce Hanson