Cyber Liability Preparedness for Asset Managers

Please join Pillsbury, Willis and Eze Castle Integration as we discuss ways that investment firms can prepare for the SEC cybersecurity exam questions.

U.S. asset managers have been under stealth attack from cyber-criminals intent on intercepting trading strategies in order to profit from front-running and other illicit maneuvers. That hidden cyber-crime trend was highlighted last week when it was reported that an unnamed U.S.-based hedge fund had been hacked and its stream of high-speed trade data intercepted by cyber-criminals who had then used the data to make their own trades first. Given this trend, it is not surprising that the SEC Office of Compliance Inspections and Examinations announced that its 2014 Examination Priorities will include a focus on cybersecurity preparedness. In the wake of the above exam initiatives and these alarming breaches, do you feel confident about your firm's approach to cybersecurity?