Analyzing and Mitigating Cybersecurity Risks to Investment Managers (Part Two of Two)

The financial services industry, a favorite target of hackers, is especially vulnerable to cybersecurity threats.  A recent program sponsored by K&L Gates and the Investment Adviser Association addressed the difficult and high-stakes cybersecurity issues investment managers are facing.  This article, the second in a two-part series, discusses the panel’s views on mitigating cybersecurity risks.  The first article summarized the key points raised by the panel relating to the costs of cyber breaches; applicable laws and regulations; and cyber threats.  The program was moderated by Mark C. Amorosi, a partner at K&L Gates, and featured a panel consisting of Jeffrey Bedser, CEO of iThreat Cyber Group; Laura L. Grossman, assistant general counsel of the IAA; Andras P. Teleki, a partner at K&L Gates; and E.J. Yerzak, vice president at Ascendant Compliance Management.

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