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 Data Privacy, Protection and Litigation practice group co-chair William Roberts and Associate Johanna Lerner authored an article titled, "New Jersey Bolsters Cybersecurity Incident Reporting Requirements," for the New Jersey Law Journal's Cybersecurity Special Section.
Day Pitney Cybersecurity, Healthcare and Technology (C.H.A.T.) Newsletter – October 2023
Day Pitney Cybersecurity, Healthcare and Technology (C.H.A.T.) Newsletter – October 2023
Day Pitney co-chair of Data Privacy, Protection and Litigation William J. Roberts and Associates Stephanie M. Gomes-Ganhão and Colton J. Kopcik authored the guidance note, "Connecticut Third Country Assessment," for OneTrust Data Guidance.
Day Pitney Data Privacy, Protection and Litigation Associate Stephanie Gomes-Ganhão was featured in the Medical Technology Schools magazine article, "What Is Information Blocking Compliance in Healthcare and Why Is It Prevalent?"
Day Pitney Technology Partner Kritika Bharadwaj is featured in the Hartford Business Journal article, "Attorneys Slowly Embrace AI, But Urge Caution as Technology Rapidly Evolves."
Day Pitney Data Privacy, Protection and Litigation co-chair William Roberts' discussion with attendees of the Connecticut Water Works Association workshop on being "Breach Ready," was featured in an article for In Flow- Line, the official publication for the CWWA.
Naju R. Lathia, White Collar and Commercial Litigation partner in the New Jersey office of Day Pitney and co-chair of Day Pitney’s Data Privacy, Protection and Litigation Practice Group, was featured in Diverse Lawyers Network newsletter for her South Asian Bar Association (SABA) North America Rising Star Award.
Day Pitney Data Privacy, Protection and Litigation group co-chair William Roberts was featured in InformationWeek article, "Biometric Data Privacy: Instagram to Pay $68.5M in Class Action Settlement."
On July 31, Day Pitney co-chair of Data Privacy, Protection, and Litigation group William Roberts will be speaking at Lex Mundi's 2023 Data Privacy Practice Group Regular Update – North Americas.
Copyright © 2023 Day Pitney LLP, all rights reserved.