CYBERSECURITY
Missouri Public Schools and Education Employee Retirement Systems experienced a breach of its email system in September.
New cybersecurity guidance outlines best practices for sponsors and record keepers, but some stakeholders would like to see it formalized.
San Francisco City & County Employees' Retirement System had a data breach that might affect about 74,000 SFERS participant accounts.
Cybersecurity has emerged as a top issue for retirement specialist advisers as more customization is integrated into U.S. retirement plans.
More than half of asset owners named a cybersecurity breach as a key reason for an unplanned review a manager.
The SPARK Institute and the Financial Services Information Sharing and Analysis Center plan a series of workshops on cybersecurity.
Asset managers and other financial service firms spend about $2,300 per full-time employee on cybersecurity a year.
The threat of cyberattacks is increasing in financial markets because there are so many participants and so many points of entry.
U.S. financial firms plan to expand a secretive project protecting bank accounts against cyberattacks so that it will also guard trillions in investment funds.
The hack of the U.S. Securities and Exchange Commission's corporate-filing database likely involved Eastern European criminals.
