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.
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 breach of the EDGAR system has investors thinking the SEC should look within on cybersecurity as it requires others to be secure.