Cybersecurity Basics for Asset Managers (Webinar Replay)
When it comes to cybersecurity, the list of haves and have nots is constantly evolving due to the changing regulatory and threat landscape. In case you missed it, we hosted a webinar this week on Cybersecurity Basics for Asset Managers, during which we uncovered various elements within three primary cybersecurity layers: from Tier 0 (Basic Protection) to Tier 1 (Industry Standard) to Tier 2 (Advanced Protection).
How does your firm stack up when it comes to your cybersecurity practices? Watch the replay below and find out where you fit in.
Tier 0: We call this level Tier 0 in part because, well, there’s zero chance your firm will have long-term success in thwarting cyber risks if you don’t employ these basic security measures.
Tier 1: The good news is that most investment management firms today fall into the Tier 1 category, meaning they are doing more to address cybersecurity risks than just the basics. This tier features a strong contingency of policies that help firms prepare for and respond to cybersecurity and business-impact threats. Additionally, Tier 1 does more to address network security and highlights the need for ongoing employee information security awareness.
Tier 2: If you’re thinking only the largest and most tech-savvy investment firms are in Tier 2, you’re only half-right. Yes, you’ll often find mid-to-large asset managers fall into this category, but many of these more “advanced” protections are fast-becoming the norm for smaller firms hoping to demonstrate to institutional investors their commitment to cybersecurity.
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