Latest News

Cyber-security testing in financial services

June 25, 2015 - Regulatory Updates

Subscribe to our Newsletters

Share this page

For more information contact
UK: +44 (0) 207 305 5810
SG: +65 31 637 000
NYC: +1 646 568 9965
Boston: +1 617 939 9599
HK: +852 5 808 3812

Download PDF Information

Cyber-security testing is a hot topic for 2015/2016 and as reported at the beginning of the year the UK and US have launched a ‘joint exercise’ which will focus on the financial sector. The SEC will undertake a second wave of cyber-security exams in the US Q3, with Barack Obama warning that the hedge fund industry remains a weak link in the financial services sector against hackers and terrorists. Following on from this, and according to HFMTechnology, The Central Bank of Ireland has also started an inspection programme to assess hedge funds and the financial services firms’ cyber-security preparedness. ‘The review will explore the controls around the security of firms’ systems and the procedures governing access to these systems’. As a result of the findings from the review the Central Bank will publish their assessment of regulatory standards in these areas and ensure appropriate action is taken if necessary.

If you want to learn  more go to  our article on 'FCA regulation on cyber security and asset management firms'.

Andrew Frost
Director, Investment Management Services


Joe Woodbury
Director, Investment Management Services