New service will educate and empower fund managers and compliance professionals with tools and guidance to prepare and respond to the examination’s comprehensive checklist of cybersecurity, risk and compliance questions.
NEW YORK, June 23, 2014 – eSentire, the leader in active threat protection solutions and managed services, today announced a new service to prepare registered broker-dealers and registered investment advisors for pending U.S. Security and Exchange Commission’s (SEC) examinations specific to cybersecurity.
The new offering codifies the readiness process, empowering U.S. fund managers and compliance professionals with the education, tools and guidance to help prepare for and address the preparatory 28 questions released by the SEC’s Office of Compliance Inspections and Examinations (OCIE). The questions are specific to: network access control, risk identification, cybersecurity governance, information and network protection, remote customer access, fund transfer requests, vendors and other third parties and the detection of unauthorized activity.
Protecting over $1.3 trillion in combined AuM, eSentire is the leading security service provider to Registered Investment Advisors firms (RIAs) and asset management funds. In total, eSentire secures approximately 350 RIAs of which 90 percent are domiciled in the United States.
“Of the hundreds of security assessments conducted in the last three years, we found each had a critical or high security vulnerability that required immediate remediation,” said eSentire CED J.Paul Haynes. “We remain the go-to-source for fund managers who want to be armed and ready to achieve an exceptional level of cybersecurity protection and compliance against an always-escalating risk posture.”
In 2013, eSentire introduced its Incident Response framework to assist RIAs in escalating and communicating to stakeholders in similar fashion to the way Business Continuity Plans (BCP) have been developed. In April 2014, eSentire teamed with The Regulatory Fundamentals Group LLC in publishing a whitepaper titled “The Inevitable Cyber Attack”, to help fund managers understand why SEC Commissioner Luis Aguilar concluded recently that a cyber attack will inevitably bring down significant market infrastructure and how to assess their level of preparation. To view the eSentire-RFG webinar on “The Inevitable Cyber Attack”, visit: http://info.esentire.com/webinar-offer-the-inevitable-cyber-attack-request
“Cybersecurity is no longer simply an IT matter,” says Deborah Prutzman, CEO of The Regulatory Fundamentals Group, “Governing bodies and senior management will be judged by regulators, investors and key counter parties on the efficacy of their programs – from planning through execution.”
eSentire® is the leader in Active Threat Protection solutions and services, the most comprehensive way to defend enterprises from advanced and never-before-seen cyber threats. eSentire’s flagship offering, Network Interceptor, challenges legacy security approaches, combining behavior-based analytics, immediate mitigation and actionable intelligence on a 24x7x365 basis. The company’s dedicated team of security experts continuously monitors customer networks to detect and block cyber attacks in real-time. Protecting more than $1.3 trillion in combined assets, eSentire is the trusted choice for security decision-makers in financial services, healthcare, mining, energy, engineering and construction, legal services, and technology companies. In late 2013, eSentire was named to the Deloitte Technology Fast 50 Companies to Watch and cited as a Canadian Innovation Exchange CIX Top 20 most innovative Canadian company. For more information visit http://www.esentire.com and follow @esentire.