When striving for strong cybersecurity P&Ps be sure to keep them achievable
In IA Watch's recent publication they profiled a Chief Compliance Officer who has chosen Advisor Armor as their partner in this important coverage area.
A CCO in Chicago tells IA Watch her firm recently went with Advisor Armor to help it construct cyber P&Ps, as well as to set up a system for the CCO to monitor and document compliance with them.
It may well be wise for advisers – especially smaller firms – to collapse their cybersecurity P&Ps into a broader policy.
“You don’t want to adopt policies that are so over the top as to be meaningless,” warns Karen Huey of Professional Compliance Assistance in Woodstock, Ga. So there are times “when it’s appropriate to combine policies,” she adds. MORE