Regulation
SEC Proposes New Rules for Private Funds, Cybersecurity Risk Management
EisnerAmper’s Louis Bruno says private fund managers will need to adapt to meet the new standards.
The regulator alleges a lack of safeguards exposed the personal information of thousands of clients.
Legacy stocks are leaders now, but 5G and other digital revolutions promise to return the disregarded innovators of yore to the fore again, Citi says.
Losses are likely to be even higher, as most scams go unreported.
By impersonating contractors for the firm, intruders gained access to personal information of 5,600 customers.