Investor Security, Cyber Threats and WORM Storage
Exponential volumes of sensitive financial data are stored electronically and cybersecurity threats are among the more significant risks faced by firms. Because of this, industry regulators will maintain their heightened focus on cyber security. And one rule that will remain top of mind during regulatory exams is the Securities and Exchange Commission (SEC) Rule 17a-4. Many firms aren’t as compliant with the rule as they think. This has left them unknowingly exposed to potential reputational risk and regulatory fines.