ACA Compliance Group Clarifies Misconceptions Commonly Held by Fund Managers with Respect to Cybersecurity

April 16, 2015

The following article appeared in The Hedge Fund Law Report on April 16, 2015.

In 2014, the SEC conducted a widely-publicized review of over 100 investment advisers and broker-dealers to learn more about their cybersecurity measures and preparedness. See “Seven Cybersecurity Risks That SEC Examiners Will Look for in Examinations of Hedge Fund Managers,” The Hedge Fund Law Report, Vol. 7, No. 17 (May 2, 2014). A recent program presented by ACA Compliance Group surveyed the current cybersecurity landscape; offered insights into what advisers and fund managers may expect from regulators going forward; discussed common misperceptions about cybersecurity; and explored goals of cybersecurity and technology risk programs. The program featured Raj Bakhru and Marc Lotti, both partners at ACA Aponix, the cybersecurity and risk arm of ACA Compliance Group. This article summarizes the key takeaways from that program.

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