Data Breach Prevention and Response

According to the Investment Firm of the Future, a report published by CFA Institute earlier this year, 24% of the organization’s members rated cybersecurity as their firm’s top technology priority.

With the myriad challenges facing investment professionals in 2018, that’s a striking number.

What to do? E.J. Yerzak, Director of Cyber IT Services for Ascendant Compliance Management, a CSS Company, and Shield, a CSS solution, recently sat down with CFA Institute to discuss planning, protocols, prioritization and more.

A short excerpt:

“It’s one thing to have a documented plan on paper. Until you put it to the test with war games or tabletop exercises, you may not realize that there are some unforeseen situations that may arise.

War-gaming your incident response plan can do wonders for assessing how reasonable it is. Again, you can’t anticipate everything under the sun, but have you anticipated all likely scenarios?

When you start putting the incident response plan to the test . . . someone at the table may say, “Hey, what about this system over here? Our series of five steps here didn’t anticipate that we need to pull backups from system A, and that system A can’t talk to system B unless we’ve done steps one, two, and three over here.” Things like that are important to try to work through in advance.”

You can read the informative interview, “Cybersecurity: The Barbarians are at the Gate,” by clicking here.


For more information on CSS’ cybersecurity solution Shield, click here.


Subscribe to CSS Blog

CSS frequently publishes blog posts which are written by our team from their observations in the field, at conferences and through experiences with compliance professionals. These posts are designed to further knowledge and share industry best practices. Topics run the gamut, including Form ADV, cybersecurity, MiFID II, position limit monitoring, technology challenges and more. Complete and submit the brief form below to receive notifications when we publish new content.

Loading form...

Latest Content

Countdown to CCPA: Are You Ready to Comply with New Data Privacy Requirements?

With less than one month before the California Consumer Privacy Act (CCPA) is effective, companies are preparing to update their cybersecurity programs. Many must address the regulation’s new data privacy requirements, which have caught some financial institutions off guard. Modeled to some extent after the European Union’s General Data Protection Regulation (GDPR), the CCPA provides … Continued

ESMA Updates AIFMD Q&A on Reporting to National Competent Authorities

The European Securities and Markets Authority (ESMA) has updated its Questions and Answers on the Alternative Investment Fund Managers Directive (AIFMD). One new Q&A has been added with regard to reporting to National Competent Authorities. ESMA has provided clarification on reporting on liquidity stress tests for closed-ended unleveraged Alternative Investment Funds (AIFs). These AIFs are exempt from the … Continued

CSS Named to RegTech 100 List of World’s Most Innovative RegTech Companies

NEW YORK – Compliance Solutions Strategies (CSS) is proud to announce its inclusion in the RegTech 100 for 2020, a list recognizing the world’s most innovative RegTech companies compiled by RegTech Analyst, a specialist research firm. “We are honored to be selected as one of the most innovative companies within such a competitive and evolving … Continued