Broker Dealers, IBDs, RIAs, & Hedge Funds
FCI provides the Wealth sector with a cybersecurity solution that solves the last mile of regulatory compliance and information security policy adherence for consistent enforcement of controls and evidence of compliance.
Why the Last Mile of Cybersecurity Matters
Cybersecurity has become a critical business function
Ongoing SEC and FINRA compliance, audits, and disclosures with reporting obligations
Operational disruption from malware, ransomware, phishing attacks and more
Policies and procedure adherence across Broker Dealers, IBDs, Family Offices & Branches
Expanded attack surfaces, home and remote work, and 3rd-party vendor relationships
Wealth Sector as a high target results in elevated reputational and financial risk
Continuous shift of threat targets with increasing sophistication and frequency
Loud & Clear
Since 2012, SEC has produced hundreds of policies in dozen of documents (Risk Alerts, Observations, Cyber Exam, Guidance, etc.)
2021 SEC Exam Requirements at FCI Clients
“For Cybersecurity, your 1099 Advisors must be treated like Employees.”
4/15/2014 SEC Audit Risk Alert IV.2
“You need to demonstrate controls over all endpoints accessing private data: Enforcing settings and cyber tools that users are prevented from altering.”
2020 SEC Exam Requirements at FCI Clients
"Provide a list of Endpoints that were decommissioned last year and the evidence there was no private data on them."
2020 Cybersecurity and Resiliency Observations
"Monitoring exfiltration and unauthorized distribution of sensitive information outside of the Firm (e.g., email, physical media, hard copy, or web-based file transfer) and evidencing this monitoring."
Zero-Trust Managed Cybersecurity Services
Answering Specific Wealth Industry Requirements
August 30, 2021
SEC fines 8 brokerage firms for $750,000
for failures in their cybersecurity policies and procedures that resulted in email account takeovers
Wealth industry experience counts when cyber threats occur
Customized Policy & Control Solutions
We work with large Broker Dealers, Branches and RIAs to ensure cyber protection and consistency based on your security policies and goals.
Extended Cyber Team Support
Leverage a dedicated team with hundreds of thousands of incident, breach, and regulatory experiences – range matters.
A solution that augments and adapts to teams, skill sets and systems already in place
Co-Managed Cyber Services
How FCI partners with Enterprises, internal IT teams, and MSPs
The Rise of Ransomware
Ransomware attacks are crippling many Wealth Sector giants, resulting in massive operational disruption and costing millions in recovery efforts. Additional risk factors that have contributed to the increasing ransomware attacks include human error and an evolving threat landscape.
Are you prepared for a cyber audit?
At any time, regulators, authorities, and cyber insurers can knock at your door and ask for evidence of compliance. With a short complimentary call with FCI, we will let you know if you are ready for it.