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.
Hackers who breached the SEC's EDGAR corporate filing system accessed a test filing that contained the names, birth dates and Social Security numbers of two people.
The breach of the EDGAR system has investors thinking the SEC should look within on cybersecurity as it requires others to be secure.