Cybersecurity still worries RIAs the most: Study

Twenty percent of firms say they were victims of a cyberbreach during the past 18 months

Cyberthreats continue to be the biggest concern for registered investment advisers, with 88% of firms identifying “cybersecurity/privacy/identity theft” as their main worry, according to a new compliance testing survey.

The survey — conducted by the Investment Adviser Association (IAA), ACA Compliance Group and the asset management holding company OMA — also found that anti-money laundering, anti-bribery and anti-corruption concerns are gaining greater importance among RIAs.  MORE