As financial services firms contemplate their responses to the growing cyber-security threat, it’s clear they can’t take on this monster alone. The problem requires a global response to show perpetrators that the industry is seriously taking on cyber-crime. On an individual level, banks such as JP Morgan, Citigroup, Bank of America Merrill Lynch and the… Read More >>
Cyber-Security Exams Coming for NY Banks
New York state officials will be adding cyber-security tests to their regular examinations of banks registered in the Empire State as directed by Governor Andrew M. Cuomo who ordered the Department of Financial Services (DFS) to begin “new, regular, targeted cyber-security preparedness assessments,” according to DFS officials. The new exams follow news last month that… Read More >>
Electra Says Heartbleed Bug Won’t Impacts Offerings
Electra Information Systems, a provider of reconciliation and other post-trade systems for asset managers, wants its clients and others to know that they face no danger of exposure to the so-called Heartbleed Bug, an OpenSSL security vulnerability that has been much in the news lately. “We take the responsibility of keeping your information protected very… Read More >>
SEC to Conduct Cyber-Security Exams
Cyber-security exams are coming for 50 registered broker-dealers and registered investment advisers as the SEC’s Office of Compliance Inspections and Examinations (OCIE) takes steps to help firms better protect themselves from cyber-attacks. To help compliance professionals assess levels of preparedness against cyber-attacks, the OCIE has issued a seven-page checklist intended to bolster firms’ readiness and… Read More >>
