Cybersecurity continues to be a concern to investors, investment managers, service providers, regulators, and the entire world as a whole. Large-scale information breaches have raised the awareness of the dangers of cybersecurity and the immediate need to assess the quality of controls currently in-place to protect the data maintained.
In order to address many of the concerns of the SEC, Investment Advisers, Broker-Dealers, and Mutual Fund Boards will need an expert with a cross disciplined expertise in both Compliance and IT. Vigilant is well positioned to help your business create and sustain an effective compliance policy. A cybersecurity risk assessment is critical to keep you, your clients, and your business safe from threats. Contact one of our experts via phone or fill out a contact form today.
Partnership with Sourcepass
Vigilant has partnered with Sourcepass to provide a full service Cybersecurity Solution of testing and analysis for Boards and Advisers. Founded in 2020, Sourcepass was created to disrupt the stale IT services and security space. Businesses are often held back by lackluster technology vendors that leave them underserved and overcharged for IT services. An opportunity existed for innovation through leveraging Software-as-a-Service (SaaS) technologies such as Artificial Intelligence (AI) and Robotic Process Automation (RPA) married with premier managed services to provide a revolutionary client experience. As a result, Sourcepass was born. The vision of Sourcepass is to provide businesses of all sizes with a technology experience that elevates their company.
Vigilant’s Cybersecurity Solutions
As part of its Cybersecurity Solution, Vigilant and Sourcepass implement a thorough review and risk assessment process designed to make and prioritize recommendations to improve a business’s security. This includes internal and external threat assessments, recommendations for remediation and strategic planning. Risk assessments are conducted through a combination of automated testing, interviews and process reviews. All of the assessments are tailored to the size and needs of your organization.
Results of the cybersecurity review and assessment are then compiled and reported back to Mutual Fund Boards and Senior Management of Investment Advisers. In addition, Clients are provided with a written information and security policy and incident response policy tailored to their business and IT infrastructure utilizing industry best practices.
Proactive Cybersecurity Solutions
Salvatore Faia, President of Vigilant, a leader in compliance solutions to the investment management industry stated,
“Cybersecurity is going to remain a focus for all companies, including the SEC in the foreseeable future. Vigilant is currently establishing policies and procedures for Investment Advisers and Mutual Fund Boards to assist them in upholding their fiduciary duty to their clients and investors by adequately overseeing and addressing cybersecurity risks.”
Protect Yourself and Your Business
Majority of the SEC’s concern relates to cybersecurity governance, identification and assessment of cybersecurity risks, protection of networks and information, risks associated with remote customer access and fund transfer requests, risks associated with vendors and other third parties, detection of unauthorized activity, and experiences with certain cybersecurity threats. In order to address many of the concerns of the SEC, Investment Advisers and Mutual Fund Boards will need an expert with a cross disciplined expertise in both Compliance and IT. With experts located in New York, Philadelphia, Boston, Texas and Metro Washington, D.C., Vigilant is well positioned to help your business create and sustain an effective compliance program. A cybersecurity risk assessment is critical to keep you, your customers, and your business safe from threats. Contact one of our experts via phone or fill out a contact form today.