Cybersecurity and Risk Insights and Alerts
Cyber risks and threats continue to evolve, and firms are under pressure to meet SEC and FCA expectations for operational resilience as well as their own internal and client expectations for cybersecurity and privacy. Stay current on the latest cybersecurity, privacy, and risk threat and regulatory alerts, and build your cybersecurity and privacy knowledge with insights from our cybersecurity and technology risk experts.
ACA Aponix Cybersecurity Checklist
Cyber alerts and insights
GDPR: Expectations vs. Realities on the Regime’s Third Anniversary
The General Data Protection Regulation (GDPR) reached its third-year anniversary on 25 May 2021. Three years after implementation, we speak with Alex Scheinman, Managing Director, ACA Aponix, about the impact of the regulation, how the COVID-19 global pandemic, Brexit and Schrems II influence the regime, and where data privacy rules will head next.
- Compliance
- Cybersecurity
FINRA Addresses Customer Account Takeovers (ATOs); Firms Advised on Protection Tactics
The Financial Industry Regulatory Authority (FINRA) has issued a regulatory notice in response to a noticed increase in customer account takeovers (ATOs). During these ATOs, bad actors compromise account information, gain unlawful entry into customer online brokerage accounts, make fraudulent transactions, siphon out funds, and commit other crimes. Similarly, bad actors have increasingly been using simulated identities to open online accounts, and unlawfully access funds and data. FINRA’s regulatory notice summarizes the observations of 20 firms of various business models and sizes on the subject.
- Cybersecurity
Protecting the Enterprise Server: After the SolarWinds®/Microsoft® Exchange® Hacks
The SolarWinds breach and the Microsoft Exchange server breach are striking, both in the extent and the breadth of their damage. The damage is ongoing; as part of the attack pattern, backdoor malware designed to give the attackers persistent access to the compromised organizations has been planted for future criminal activity. The recent executive order on cybersecurity testifies to the severity of the problem and the need for a centralized, proactive response. Learn what patterns we have observed and the mitigating strategies we recommend.
- Cybersecurity
Navigating Evolving Risks on the Regulatory Horizon
Regulatory change, COVID-19 fallout, and a rapidly mutating ecosystem of risks make this a challenging year for financial services firms. In our complimentary whitepaper, we examine the future of risk and compliance and how firms must respond to rapidly evolving circumstances.
- Trade & Transaction
- Compliance
- ESG
- Managed Services
- Regulatory Deadlines
- RegTech
- ComplianceAlpha
- FCA
- SEC
- Cybersecurity
- RiskMutation
- Brexit
- COVID-19
- GIPS Standards
- Mirabella
Ransomware Attack Shuts Down Major Fuel Pipeline; PE Firms Advised To Enhance Protections
A ransomware attack has led to the shutdown of the Colonial Pipeline, the largest fuel pipeline in the U.S. The Colonial Gas pipeline supplies gasoline, jet fuel, and other products to the eastern and southern U.S., providing 45% of the East Coast supply of fuel.
- Cybersecurity
- Portfolio Company Risk Management
Dell Vulnerability Discovered; Patching Advised for Millions of Users
On May 4, researchers released details of a security flaw in Dell devices. The flaw affects hundreds of millions of desktops, laptops, notebooks, and tablets. Dell has released additional details of the vulnerability and a recommended fix.
- Cybersecurity