Regulatory Readiness
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The SEC’s Proposed Cybersecurity Rules (File No. S7-04-22): Drawbridge’s Formal Response
On February 9, 2022, the U.S. Securities and Exchange Commission (SEC) issued a release detailing new proposed cybersecurity rules for registered investment advisers and funds. In the intervening weeks, we have held several webinars exploring the ramifications of this proposal and offering advice for how to prepare for eventual rule changes. We will be teaming up with partners in the industry to…
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Drawbridge On-Demand Webinar: [ENCORE] Protecting Networks and Devices in a Hybrid Work Paradigm
The accelerated shift to remote and hybrid workforces over the past two years, coupled with decades-long digital transformation and increasing reliance on digital channels, have introduced new risks to anyone conducting business online—especially fiduciaries. One lesson is clear: New working models are here to stay. Jacob Cane, Drawbridge’s Global Head of Customer Success and Strategy,…
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Drawbridge On-Demand Webinar: Protecting Networks and Devices in a Hybrid Work Paradigm
The accelerated shift to remote and hybrid workforces over the past two years, coupled with decades-long digital transformation and increasing reliance on digital channels, have introduced new risks to anyone conducting business online—especially fiduciaries. One lesson is clear: New working models are here to stay. Jacob Cane, Drawbridge’s Global Head of Customer Success and Strategy,…
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The Cybersecurity Dangers of Thumb Drives
Thumb drives are often considered unassuming devices that make the transfer of digital data easy through quick access to ports from one device to another. However, recent findings from the FBI have shown malicious parties using thumb drives in order to infect recipients’ computers with malware. Cybersecurity Dangers of Thumb Drives Cyber attacks have been…
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Privately-Backed, Midsize Companies are Becoming Targets for Hackers. Here’s How to Respond.
This week, the Wall Street Journal published an important article on cybersecurity for Private Equity and Venture Capital, with a focus on cyber risks facing Portfolio Companies. The Journal presents three key takeaways: Key Takeaways Midsize companies raising capital, or who have recently announced funding, are becoming increasingly attractive targets for hackers. A “perfect storm” of reasons…
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Drawbridge On-Demand Webinar: Unpacking the SEC’s Proposed Rule Changes
Last month’s release of a comprehensive proposed rule change by the SEC was a welcome evolution of their approach to cybersecurity. Currently, there are “no Commission rules that specifically require firms to adopt and implement comprehensive cybersecurity programs”[1]. Despite the Commission’s emphasis on good cyber hygiene within the examinations, this marks the beginning of a revolutionary approach…
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The New Federal Cybersecurity Push
Numerous high-profile cybersecurity attacks in the last few years have caused alarm for world leaders. Rising cyber threats have forced the hand of numerous federal governments, including the White House. Recently, federal cybersecurity plans were put into motion by the White House in order to combat the growing risk of malicious cyber parties. White House…
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Top Cyber Risks for Family Offices
Any given organization or firm takes on cyber risk when dealing with assets and private information in a digital space. Cyber risks for family offices, in particular, have been heightened as they have become targets by the rising threat of ransomware. Among a multitude of other potential breaches and malicious parties seeking to take advantage of…
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The U.S. Partners with Other Governments to Combat Ransomware
On November 14, the U.S. Treasury Department announced a partnership with Israel in an effort to strengthen cybersecurity protocols in the fight against ransomware. This joint effort will see the creation of a task force meant to defend from cybercriminals and attacks from foreign nations. Ransomware attacks have been increasing as technologies and malware that…
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Service Spotlight: The Necessity of Cyber Risk Assessment
In order to defend your firm from growing threats and elevate your risk posture, there need to be continuous efforts to analyze and defend from said threats. Pre-existing cybersecurity programs need to not only be made to fit within regulations, but should be poised to mitigate any potential threats lurking in an online space. With…
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Traders Magazine: Outlook 2022: Simon Eyre, Drawbridge
Drawbridge CISO Simon Eyre shares cybersecurity insights from 2021 and predictions heading into 2022.
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Cybersecurity News: The Importance of The White House’s International Meeting on Ransomware
Recently, efforts by the United States Government to fight back against ransomware have been in full swing. To better combat these growing threats, The White House has met with representatives from numerous nations in order to focus on the threat of ransomware and other cyberattacks that have been plaguing industries both private and federal. This…
