News
RIA Cybersecurity Service “AdviserCyber” Launches As SEC Regulations Take Effect
November 2023 by Marc Jacob
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.
As the SEC rolls out the new cybersecurity regulations for RIAs,
compliance is critical. But real cybersecurity goes beyond checking a
box for compliance to ensure RIAs are protected and prepared for
ever-evolving cyber threats. AdviserCyber focuses only on cybersecurity
compliance for RIAs, delivering a deeper level of cybersecurity with its
unique and specific expertise.
AdviserCyber’s primary service offering — AdviserSecure [11] — is
a comprehensive suite of technology and services that meet compliance
requirements with all current and proposed SEC cybersecurity
regulations. A separate bundled offering, AdviserSecure Complete, is
also available for prospective customers. AdviserCyber’s suite of
services includes:
* Risk Assessment & Management: Comprehensive evaluations to identify
vulnerabilities and ensure that all regulatory requirements are met in
order to help RIAs make risk-informed decisions.
* Cybersecurity Training and Phishing Testing: The easiest part of a
system to hack is the human being. The only way to prevent this part of
your defense is through training and testing. Help your employees become
better defenders of your data.
* Asset Discovery and Inventory: Identify and manage an organization’s
digital assets to enhance security, reduce vulnerabilities, and ensure
compliance with industry regulations and standards.
* Real Time Vulnerability Scanning and Remediation: Scan for
vulnerabilities both internally and externally in real time. Classify
vulnerabilities based on severity allowing you to focus on the most
important items first. Also includes an allocation of time every month
to remediate any vulnerabilities found in your systems.
* Cybersecurity Toolset: Custom technology provides RIAs with the greatest
possible defenses against threat actors.
* Incident Response: An expert in cybersecurity is on call whenever an
organization needs them. Rapid action plans address and resolve any
security breaches, minimizing potential damage. 24/7 incident detection
monitoring ensures critical issues are realized and worked to resolve in
real-time as they happen.
* Compliance Consulting: Expert guidance on navigating the SEC’s
cybersecurity regulations, ensuring that investment advisers remain
compliant. This includes staying up to date on all essential compliance
documentation.
AdviserCyber also offers an advanced program — AdviserSecure Complete
— that goes beyond the requirement of the SEC to greatly reduce the
risk of cyberattacks. These additional services include:
* Penetration Testing: Penetration testing simulates real-world
cyberattacks to identify vulnerabilities and weaknesses in digital
systems, helping to proactively strengthen security defenses.
* Mobile Device Management: Goes beyond merely protecting data on an
organization’s computers and extends the protection and monitoring out
to include mobile devices such as phones and tablets.
* Advanced Email Protection: Email is the entry point for an overwhelming
number of modern cyberattacks. Advanced Email Protection provides
comprehensive protection to help significantly mitigate the risk at an
organization’s ‘front door.’
* Digital Rights Management: Maintain control of the data both inside and
outside your organization. Scan data at exit points for confidential
information such as account numbers or personally identifiable
information and ensure it isn’t able to leave your organization
without your knowledge.
AdviserCyber will work with a firm’s compliance team to ensure
compliance is met and improve overall security of an adviser firm. To
book a demo with AdviserCyber Founder Michael Cocanower and learn more
about AdviserCyber’s offerings, visit www.advisercyber.com [12].
