On Feb 9, 2022 the SEC proposed sweeping new cybersecurity risk management rules and amendments for registered investment advisers (RIAs) and funds. These proposed changes include more specific parameters and enforcement measures around cybersecurity policies, incident reporting and more, and will require many firms to adopt new partners, technologies and processes to comply.
These new rules are a step in the right direction to ensure the protection of alternative financial firms, their investors and the U.S financial market, but what does it mean operationally for RIAs? Our team have carefully combed through the full proposal from the SEC and pulled out the top 7 key areas and takeaways that firms need to focus on in preparation for these changes.
Join our panel of experts on Wednesday, February 23 at 10:00 EST where they will unpack the SEC’s full proposal, discussing the highest priority items for advisers and funds, key challenges, and the short term and longer-term strategies to ensure firms are well prepared.
Bill Tan, Chief Information Security Officer at ECI. Bill’s technology team focuses on internal training, research and development, network security and standards development. He also serves as ECI’s Chief Compliance Officer. Prior to joining ECI, Bill was the network manager for the Kraft Group, where he supported systems and communications for various privately held businesses such as International Forest Products, Rand-Whitney and the New England Patriots. He has also supported networks and systems for local governments and the U.S. Air Force.
Rich Itri, ECI’s Chief Innovation Officer. Rich has over 22 years of IT executive experience, spending his entire career managing IT within the financial services industry. Prior to joining ECI, Rich was Managing Director and Chief Technology Officer for PJT Partners, a boutique investment bank, Principal and Chief Information Officer for Sky Road and held Chief Information Officer positions at Arrowhawk Capital Partners and Arbalet Capital Partners.
Steve Schwartz, Director of Security Consulting at ECI. Steve has spent more than 15 years in the cybersecurity industry with the past five at ECI. At ECI he helps clients understand the shifting cybersecurity landscape and to plan, prepare and respond for cyber-related events. Prior to joining ECI, Steve spent five years in the U.S. Navy onboard a submarine and has worked with several boutique consulting organizations in addition to S&P Global Markets and PwC. He has worked with a variety of different security standards and frameworks and has multiple industry-recognized certifications.