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AdviserCyber, a cybersecurity service provider specializing in Registered Investment Advisers (RIAs) with Assets Under Management (AUM) ranging from $500 million to $3 billion, has officially launched its services. This launch coincides with a significant increase in cyber threats and intrusion activities in the financial sector, with investment advisers being a prime target due to the sensitive data they handle.
As digital threats continue to grow for RIAs and the Securities and Exchange Commission (SEC) has proposed regulations that would require advisors to implement cybersecurity policies, a new company aims to make the process easier for firms.
AdviserCyber formally launched Wednesday and is targeting RIAs with between $500m and $3bn in managed assets to help them stay compliant with the expected SEC rules and to protect them from cyber intrusion.
As digital threats continue to grow for RIAs and the Securities and Exchange Commission (SEC) has proposed regulations that would require advisors to implement cybersecurity policies, a new company aims to make the process easier for firms.
AdviserCyber formally launched Wednesday and is targeting RIAs with between $500m and $3bn in managed assets to help them stay compliant with the expected SEC rules and to protect them from cyber intrusion.
Phoenix, Ariz. — AdviserCyber, a cybersecurity service provider for Registered Investment Advisers (RIAs) with $500M to $3B Assets Under Management (AUM) who must comply with the Securities and Exchange Commission (SEC) cybersecurity requirements, announced its formal launch today. In the last year alone, advisers and wealth managers in financial sectors have witnessed an 80% increase in cyber threats and intrusion activity, with investment advisers being particularly vulnerable due to the sensitive nature of the data they handle.
Phoenix, Ariz. — Nov. 1, 2023 — AdviserCyber, a cybersecurity service provider for Registered Investment Advisers (RIAs) with $500M to $3B Assets Under Management (AUM) who must comply with the Securities and Exchange Commission (SEC) cybersecurity requirements, announced its formal launch today.
AdviserCyber announced its formal launch. In the last year alone, advisers and wealth managers in financial sectors have witnessed an 80% [10] increase in cyber threats and intrusion activity, with investment advisers being particularly vulnerable due to the sensitive nature of the data they handle.
AdviserCyber’s launch comes at a pivotal moment, as pending SEC regulations specifically geared towards RIAs and Broker/Dealers now require firms to prioritize cybersecurity practices like never before.The new rules are designed to enhance a firm’s risk management and data protection capabilities. AdviserCyber’s mission is to provide robust protection across entire enterprises, while ensuring compliance with the stringent regulations set by the SEC.
Phoenix, Ariz. — Nov. 1, 2023 — AdviserCyber, a cybersecurity service provider for Registered Investment Advisers (RIAs) with $500M to $3B Assets Under Management (AUM) who must comply with the Securities and Exchange Commission (SEC) cybersecurity requirements, announced its formal launch today.
The SEC is now pursuing a slew of rules meant to ensure firms are doing their utmost to protect client data. The regulator’s 2024 examination priorities show that cybersecurity will be a subject of great interest, whether those rules are in place or not.
Wise business owners don’t purchase fire alarms and sprinkler systems merely because their installation is required by local building codes. Rather, they take pre-emptive steps to mitigate risks, protect the lives of employees and customers and safeguard the value of their business’ inventories, data and equipment.
Yet too often we continue to see executives whose approach to cybersecurity — compliance rather than protection — is strikingly similar to that of the ill-advised business owner whose minimal fire protection is designed only to meet the building code.
Although cybersecurity deficiencies did not rank near the top of NASAA’s listing this year, concerns that firms aren’t doing enough to protect investors’ data have prompted a slew of new regulatory proposals in recent years. The SEC has proposed rules that would give both investment advisors and broker-dealers 48 hours to provide regulators with detailed reports on cybersecurity breaches.
Black Hat USA 2023 was a landmark event for the cybersecurity community. The event featured over 100 briefings, dozens of open-source tool demos, and a robust business hall. Two keybotes, given by Maria Markstedter and Kemba Walden, provided a glimpse into the future of the field.
Against the backdrop of Las Vegas, cybersecurity experts and enthusiasts gathered in August 2023 for Black Hat USA 2023. As a seasoned cybersecurity expert myself, I was thrilled to be in attendance. This year’s most riveting topic was artificial intelligence, and the two keynotes from Kemba Walden and Maria Markstedter provided a stimulating discussion of the future of cybersecurity.
During her Black Hat keynote talk with Jason Healey, senior research scholar at Columbia University, Acting National Cyber Director Kemba Walden called on the cybersecurity community to help with drafting policies to prevent and fight cyber crime.
Michael Cocanower, president of itSynergy, a Phoenix-based MSP, tells us Walden’s keynote “clearly illustrated what the cybersecurity community has known for some time, that business leaders refuse to accept.” He’s also CEO of a new company launching soon called AdviserCyber, which will provide cybersecurity services to registered investment advisers (RIAs).
Want to learn more? We’re available to answer questions about pricing, custom cybersecurity needs and more. We can even give you a detailed outline of what the onboarding and implementation of AdviserSecure looks like
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