New technologies and diverse digital solutions for investors are transforming the asset management industry at an unprecedented speed and scale. The global regulatory environment for cybersecurity and privacy is becoming more complex and fragmented.
ALFI has established the Cybersecurity Working Group in order to define relevant issues and concerns that the investment fund community should be addressing and to contribute to a better understanding of business leaders’ roles and responsibilities in the context of cybersecurity.
The working group focuses mainly on:
- Creating an inventory of cybersecurity-related regulations and guidance documents in Europe and Luxembourg
- Engaging with specialised associations and other relevant institutions to identify a common understanding and best practices
- Interacting with regulators such as the CSSF and CNPD
- Leveraging other European market initiatives
- Developing industry best practices and guidance documents with respect to cybersecurity.