Investment Companies/Advisors Face New Proposed SEC Rules on Cyber; Likely to Increase Demand for Cyber Insurance

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“Specifically, the proposal would:
● Require advisers and funds to adopt and implement written policies and procedures that are reasonably designed to address cybersecurity risks;
● Require advisers to report significant cybersecurity incidents to the Commission on proposed Form ADV-C;
● Enhance adviser and fund disclosures related to cybersecurity risks and incidents; and
● Require advisers and funds to maintain, make, and retain certain cybersecurity-related books and records.”

Read the summary here:

Mark Sauter

Mark Sauter’s insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook “Homeland Security: a Complete Guide,” Sauter was also a consultant to one of the world’s largest software companies and served as a US Army Special Forces and infantry officer.

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