New Cybersecurity Rules Impacting Financial Services Companies

US regulators of financial services companies have increased their focus on cybersecurity issues impacting said companies. Join us as we discuss recent regulatory activities by the US Securities and Exchange Commission (SEC), the three federal banking agencies—the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency—and the US Department of Labor (DOL).

Topics will include:

• The SEC’s proposed cybersecurity risk management for investment advisers and incident reporting for investment advisers and broker-dealers
• Federal banking agencies incident notification requirements
• Managing multiple notification requirements
• DOL guidance and enforcement activities targeting retirement plan fiduciaries and related parties, including recordkeepers

We will also cover compliance tips and key takeaways for regulated financial service companies, including banks, brokers, recordkeepers, and asset managers.