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Delaware Investors Protection Unit Tests Cybersecurity Systems Strength

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By Brooke Reese

WILMINGTON, Del.— Delaware Attorney General Beau Biden announced Wednesday that the Delaware Investors Protection Unit is participating in a nationwide survey to test the strength of the state’s cybersecurity systems.

The survey, developed by the North American Securities Administration Associations, was sent by IPU Director Owen Lefkon to 44 state-registered investment advisers to return by Friday, Oct. 31 for review.

The NASAA designed the survey to provide information to state regulators about the technology and data processes used by investment advisers, how these advisers communicate with their clients and regulations the advisers follow today.

“As the investment business is increasingly conducted over the Internet, the potential for identity theft and other security breaches has risen as well,” said Lefkon. “It is thus ever more important to ensure that registered firms and individuals take reasonable and adequate precautions to protect the security of information stored in computers and communication over the Internet.”

The survey asks advisers to address any cybersecurity threats within the past year, any loss or theft because of a breach in their systems and document the last time a cybersecurity threat assessment was performed.

“Financial information is some of our most-sensitive private, personal data,” Biden said. “Financial services firms have a responsibility to protect personal data, and the results of these surveys will help our Investor Protect Unit ensure the data is protected as strongly as possible.”
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