U.S. Investment Funds: Public and Private Response to Cyber Risk

Abstract

The authors recount the growing awareness of cybersecurity exposure within the financial service and investment industry. They discuss the efforts of governmental agencies and private organizations to cope with vulnerabilities by developing new managerial constructs and regulatory prescriptions. The story makes it clear that cyber and cybersecurity are not strictly technical issues, but rather intrinsic aspects of what the modern industry has become and how it should be governed.