“Cybersecurity is clearly the technology hot issue.” Hamburger (@HDelux) and Bernstein speak with @Think_MelanieW @ThinkAdvisor.

While existing “rules, regulations and risk mitigation measures will continue to consume” advisors’ resources in 2018, say Hamburger and Bernstein, the new year could also bring cybersecurity or anti-money laundering rules or interpretive guidance for advisors.

“Cybersecurity is clearly the technology hot issue,” the MarketCounsel attorneys said. “A big reason for that is cybersecurity is all-encompassing. It impacts an investment advisor’s business continuity planning, data security, red flags, identity theft protection and privacy policies.”  While the SEC, the Financial Industry Regulatory Authority and state regulators “will want to see what investment advisors are doing about their cybersecurity, it is even more important to the firms, themselves, to address it for reputational, liability and business reasons,” Hamburger and Bernstein said.

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