Strong Cybersecurity Practices News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Strong cybersecurity practices. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Strong Cybersecurity Practices Today - Breaking & Trending Today

DOL Weighs In With Cybersecurity Guidance, FINRA Issues Reminders on Options and Predispute Arbitration Agreements, NASAA Releases Annual State Advisers Report, Cayman Extends CRS Compliance Form Deadlines: Regulatory Update for June 2021 | Hardin Compliance Consulting LLC


For Investment Advisers and Broker-Dealers
DOL issues Cybersecurity Guidance. On April 14, 2021, the U.S. Department of Labor (“DOL”) Employee Benefits Security Administration (“EBSA”) issued cybersecurity guidance directed towards ERISA plan sponsors and ERISA fiduciary advisors. While the guidance appears similar to SEC’s advice, there is one noticeable difference: the DOL says firms “should” have a reliable annual third-party audit of security controls. As part of this audit, EBSA expects to see audit reports, audit files, penetration test reports, and any other analyses or reviews of cybersecurity practices. EBSA also wants documented corrections of any weaknesses identified in the independent third-party analyses. What are the implications to firms subject to this guidance? Will the DOL consider it a breach of fiduciary duty if a firm does not hire a third party to conduct an audit of its security controls? Can a firm do this assessment internally? Time will ....

United States , Cayman Islands , Carolynw Mendelson , Glennr Skreppen , Rochellea Truzzi , Denised Alfieri , Department For International Tax Cooperation , Compliance Program Rule , Arbitrator Or Panel , American Securities Administrators Association , Us Department Of Labor , Employee Benefits Security Administration , Cybersecurity Program Best Practices , Tips For Hiringa Service Provider , Investment Advisers , Service Provider , Strong Cybersecurity Practices , Online Security Tips , Senior Compliance , State Senior Laws , Vulnerable Investors Issues , Central Index Keys , Paper Only , State Registered , Investment Adviser Section Annual Report , Investment Adviser Policies ,