Eliza Fromberg was quoted in the article, "Personal Messaging Channels Pose Compliance Cybersecurity Risks," published by FundFire. The article discusses asset management firms facing heightened risks associated with employees using non-compliant communication channels for work, which can lead to regulatory consequences.
Recently, the Securities and Exchange Commissions (SEC) has warned that the new remote-work regime, spurred by the COVID-19 pandemic, could pose new operational and technological challenges. Fromberg explains that though it is difficult to always stay one step ahead of changing communication methods, firms are becoming increasingly skilled at using technology to monitor various channels.
"Technology has advanced, and firms can use vendors that capture text messages," Fromberg says. "As long as the technology exists, and the firm can capture the communication and retain them to be produced in SEC exams, it's certainly in the firm's best interest to allow the investment advisory employees to communicate with clients."
Day Pitney Cybersecurity, Healthcare and Technology (C.H.A.T.) Newsletter – April 2024
Day Pitney Cybersecurity, Healthcare and Technology (C.H.A.T.) Newsletter – April 2024
Day Pitney Attorneys Elizabeth Retersdorf, Ashley Picker Dubin and Damian Privitera authored the article “What New Conn. Insurance Bulletin Means for Data and AI,” for Law360.
Day Pitney Data Privacy, Protection and Litigation chair William Roberts authored an op-ed with CBIA's President and CEO Chris DiPentima titled "Here Are Preemptive Measures to Limit a Cyberattack's Damage to Your Business," for the Hartford Business Journal.
Day Pitney Partner Kritika Bharadwaj has been named to the 2024 Lawdragon 100 Leading Global AI & Legal Tech Advisors list. This is the inaugural year for this list.
Day Pitney Healthcare, Life Sciences, and Technology Counsel Damian Privitera's arrival was featured in the Law360 article "Moses & Singer Healthcare Atty Joins Day Pitney in Hartford."
Day Pitney Alert
Day Pitney Cybersecurity, Healthcare and Technology (C.H.A.T.) Newsletter – February 2024
Copyright © 2024 Day Pitney LLP, all rights reserved.