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."
On October 15, Jonathan Zelig served as a panelist on the topic, "Ransomware: Exposures and Opportunities," at the 2020 Massachusetts Insurance and Reinsurance Bar Association's Fall Symposium.
Day Pitney and the Association of Corporate Counsel (ACC) Northeast Chapter co-hosted a virtual roundtable, "Basic Tech and Cyber Competency for In-House Counsel," on September 23.
Day Pitney Counsel Steven Cash will serve as featured panelist for the webinar "Decisional Advantage and Intelligence."
Day Pitney Advisory
Day Pitney Alert
Effective January 1, 2020, the new privacy law in California, the California Consumer Privacy Act (CCPA), will impact companies nationwide. Recent actions by the California Governor and Attorney General have provided some much needed clarity as to the law’s requirements to assist companies in their compliance preparations.
Chief Information Officer Kermit Wallace was quoted in the Legaltech News article, "Security, Stress and Schedules: How Collaboration Tools Are Changing Legal's Culture.
Kermit Wallace, CIO of Day Pitney, was quoted in Legaltech News article, "Good Help Is (Still) Hard to Find in Legal IT and Cybersecurity."
On March 18, Kermit Wallace spoke with Law.com about the ever-growing concerns of cyber scams as COVID-19 continues its assault.
Day Pitney Press Release