What Funds Can Take Away From SEC Cybersecurity Guidance
In late April 2015, the U.S. Securities and Exchange Commission responded to the heightened risk of data breaches at the entities it regulates by issuing prescriptive guidance on cybersecurity for all investment advisers and registered investment companies, including mutual funds, insurance separate accounts and business development companies (funds).
In her article for Law360, Sutherland Partner Mary Jane Wilson-Bilik analyzes the new guidance issued by the SEC’s powerful Division of Investment Management and describes steps the agency expects all funds, advisers and their chief compliance officers to take to address cybersecurity risk.
View the full article.