The Hedge Fund Standards Board (HFSB) has added a cyber security memo to its Toolbox, which complements the HFSB’s standard-setting activities.

The cyber security memo notes that cyber security has become an increasingly prominent focus of the industry and that regulators are taking a strong interest in understanding and assessing regulated firms’ resilience to cyber attacks. The memo thus provides:

• an overview of existing high-level cyber risk management tools;
• a framework to identify a firm’s key digital assets (“crown jewels”);
• a list of practical “quick win cyber security action items”;
• an overview of “cyber security projects” to enhance a firm’s resilience;
• assistance in the development of an “Incident Response Plan”; and
• an overview of regulatory requirements, guidance and approaches to cyber security.

View HFSB adds cyber security memo to its Toolbox, 17 September 2015