AIMA Cyber Technology Update: Practical Considerations for Alternatives Managers


Cyber risk has been on the agenda for investment managers, their investors and regulators for the past several years. Managers have built out programs, but how are they working to ensure they remain fit for purpose and up-to-date given the evolving threat landscape? If outsourced, how are firms effectively monitoring their providers?
Earlier this year, the U.S. Securities and Exchange Commission (SEC) Office of Compliance Inspections & Examinations (OCIE) issued examination observations related to cyber security and operational resilience.  These observations highlight approaches taken by market participants in the areas of:
•    governance and risk management;
•    access rights and controls;
•    data loss prevention;
•    mobile security;
•    incident response and resiliency;
•    vendor management; and
•    training and awareness

With all this in mind, AIMA published the latest iteration of its Guide to Sound Practices for Cyber Security in November.  AIMA’s guides to sound practices comprise the widest body of sound practice output and guidance on the alternative investment fund industry.  Each guide relates to a specific area and is used by particular individuals or teams to assist them in implementing sound policies and processes in their firms.

The Cyber Security Guide sets out principles that investment managers should consider when developing a cyber security program as part of its overall compliance and operations. Among other things the updated Guide includes further discussion around cloud technology and new threats, and a general update to the various elements of an effective cyber security program.

This event will provide an opportunity to discuss these updates to AIMA's Guide to Sound Practices for Cyber Security with chief information security officers and cyber security practitioners on cyber risk and resilience measures in the asset management sector.

•    Lawson Caisley, Partner, Allen & Overy LLP  
•    Ian Rimmer, Operations Director, Tribeca Technology Group
•    Sameer Rele, Chief Technology Officer, Alternatives, Lombard Odier Asset Management (USA) Corp
•    Stan Yakoff, Head of Americas Supervision – Equities, Citadel Securities

•    Suzan Rose, Senior Adviser, AIMA

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