Friday, April 3, 2015

a look in to FINRA's CyberSecurity Report - February 2015

Regulatory entities require registered broker-dealers, investment advisers, and investment companies to establish written procedures and policies designed to:
  • Ensure security and confidentiality of customer records and information
  • Protect against anticipated threats or hazards to security and integrity of customer records
  • Protect against un-authorized use or access to customer records & information that could result in substantial harm or inconvenience.
Are your red-flag rules in place?  

Failure to govern cyber-security policies and procedures can result in fines and suspension to firms and individuals. Governance failures include: 
  • Inadequate written policies and procedures
  • Failing to enforce policies and procedures
  • Failing to conduct periodic Assessments of Procedures and Measures
  • Failing to respond to deficiencies identified through periodic assessments
This presentation takes a look in to CyberSecurity issues and recommendations identified by FINRA in their February 2015 report - CyberSecurity Practices Report

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