ALM General Counsel Summit Highlights Key Elements of a Robust Cybersecurity Compliance Program

Cybersecurity is a growing concern for hedge fund compliance departments.  The SEC has emphasized the need for registrants to ensure that their cybersecurity policies are robust and periodically reviewed.  See “SEC Guidance Update Suggests a Three-Step Framework for Investment Manager Cybersecurity Programs,” Hedge Fund Law Report, Vol. 8, No. 18 (May 7, 2015).  Accordingly, firms are under increasing pressure to implement policies to prevent incidents and address breaches when they occur.  Cybersecurity was one of the topics addressed by speakers at Corporate Counsel’s Ninth Annual Hedge Fund General Counsel and Compliance Officer Summit.  This article summarizes the relevant panel discussions.  For additional coverage of the Summit, see “ALM General Counsel Summit Reveals How Hedge Fund Managers Can Adopt a Robust Compliance Program and Address FCPA Risks,” Hedge Fund Law Report, Vol. 8, No. 47 (Dec. 3, 2015); and “ALM General Counsel Summit Reveals How Hedge Fund Managers Can Prepare for SEC Examinations,” Hedge Fund Law Report, Vol. 8, No. 45 (Nov. 19, 2015).

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