Several states have now joined the SEC and FINRA’s initiative to assess cybersecurity preparedness and have sent out questionnaires or will be shortly.
These questionnaires contain questions ranging from the very specific to the very broad. Some questions include:
- Does your firm utilize laptop or tablet computers, or other portable electronic devices?
- Is the encryption software installed on all laptop or tablet computers, or other portable electronic devices?
- Identify the encryption software vendor: __________________
- Does your firm utilize antivirus software?
- Identify the antivirus software vendor: ___________________
- Is the antivirus software installed on all fixed workstations and portable electronic devices?
- How often are updates downloaded to the antivirus software?
- Has your firm created and implemented a written information security program?
We believe the states will institute regulations regarding cybersecurity by early next year after assessing the responses to their questionnaires. Click here for a copy of the questionnaire for Massachusetts.
About Red Oak Compliance Solutions
Red Oak Compliance Solutions is a leading provider of intelligent compliance software, offering a range of AI-powered solutions designed to help firms of all sizes successfully navigate the increasingly complex regulatory landscape. Our suite of 17(a)-4/WORM compliant features offer risk minimization, cost reduction, and process optimization capabilities with features that are designed to evolve with our client’s needs. Our flagship advertising review software enables firms to deliver compliant content to the market with confidence, faster. Our Disclosure Management and Intelligence solution simplifies the management of disclosures, while our Registration Management solution automates and streamlines the licensing and registration process, further enhancing your internal processes.