AdviserCyber, a cybersecurity service provider specializing in Registered Investment Advisers (RIAs) with Assets Under Management (AUM) ranging from $500 million to $3 billion, has officially launched its services. This launch coincides with a significant increase in cyber threats and intrusion activities in the financial sector, with investment advisers being a prime target due to the sensitive data they handle.
The timing is crucial as the Securities and Exchange Commission (SEC) is preparing to introduce new regulations specifically tailored to RIAs and Broker/Dealers, necessitating a heightened focus on cybersecurity practices. These rules aim to bolster risk management and data protection capabilities within financial firms. AdviserCyber aims to offer comprehensive protection to enterprises while ensuring strict compliance with the SEC's stringent regulations.
"The SEC has increased measures to ensure investment advisers adopt and implement effective cybersecurity policies,” said Michael Cocanower, founder and CEO of AdviserCyber. “Our solutions are designed with this in mind, ensuring customer data is protected, while also enabling customers to navigate the extremely complex regulatory landscape."
AdviserCyber's primary service, AdviserSecure, offers a comprehensive suite of technology and services that align with existing and proposed SEC cybersecurity regulations. Another bundled offering, AdviserSecure Complete, is also available for prospective clients. The suite includes services such as risk assessment and management, cybersecurity training, asset discovery, vulnerability scanning, and incident response.
Furthermore, AdviserCyber goes beyond mere compliance with its advanced program, AdviserSecure Complete. This program includes services like penetration testing, mobile device management, advanced email protection, and digital rights management, significantly reducing the risk of cyberattacks for RIAs.
As the financial industry faces an escalating threat landscape, AdviserCyber aims to be a proactive partner in safeguarding sensitive data and ensuring compliance with evolving SEC regulations.