How RIAs Should Prepare for New Cybersecurity Regulations

The advisory profession is sitting on the precipice of major cyber-related regulation set to impact advisors of all sizes. But RIAs are not cybersecurity experts; many are not prepared for the requirements expected to be released by the SEC, and it could negatively impact their businesses. The cost of a cyber incident and reputational damage is further amplified given the deeply personal nature of an advisor-client relationship, which is rooted in trust. My guests today will share advisors’ top concerns regarding cybersecurity, what cyber regulation looks like in 2024, and how advisors can calm client fears about the protection of their data. Here are some links to learn more about Gabe, Mike and SEI:Overview of SEI's cybersecurity offeringsOverview of SEI's offerings for RIAsGabe Garcia and Shauna Mace on Emerging Trends in the RIA Profession (Nov 2022)