SEC Releases Cybersecurity Guidance for RIAs

The Securities and Exchange Commissions Division of Investment Management has released cybersecurity guidance to help advisors and funds address their cyber risks. The IM Divisions April cyber guidance recommends that advisors and funds conduct periodic assessments, have a cybersecurity strategy as well as written policies and procedures to mitigate cyberattacks. — Create a strategy that is designed to prevent, detect and respond to cybersecurity threats.