Richey May Technology Solutions will provide a cost-effective cybersecurity program tailored to meet compliance requirements and mitigate risk
Denver, Colorado – January 15, 2019 – Richey May Technology Solutions, a division of Richey May & Co., LLP, a leading provider of audit, tax, and advisory services to hedge funds throughout the United States, has developed a comprehensive cybersecurity program specifically designed to assist hedge fund managers in addressing critical cybersecurity compliance requirements, including NYDFS.NYCRR.500, GLBA, and SEC rules related to information security.
The program includes an initial maturity assessment, which is designed to cost-effectively assess a fund’s current posture related to information security and privacy. A report is delivered to fund management that highlights risk areas and gaps identified during the assessment, as well as recommendations for addressing and mitigating key risks through the use of technology, enhancements to policies and procedures, and training.
Also included is ongoing access to Richey May Technology Solutions’ team of experienced cybersecurity professionals to assist with designing and implementing a comprehensive cybersecurity strategy and program. In order to do so, Richey May leverages an expert team of cybersecurity and governance professionals with decades of experience in financial services, including specialists in the compliance, cyber defense, and information technology fields, and including partnerships with leading cybersecurity firms Red Canary, Managed Methods, and technology industry leaders Amazon and Microsoft.
According to the recent Verizon Business Data Breach Report, in 2017, nearly 20% of all cyberattacks with confirmed data and financial loss impacted small- and medium-sized financial services companies, with business email compromise being one of the leading methods of attack. The comprehensive monitoring and analytics delivered by Richey May Technology Solutions help funds understand how their data is being used and provide automated threat intelligence and improved protection.
About Richey May
Founded in 1985, Richey May provides assurance, tax, technology solutions and business advisory services to clients in the United States. The firm specializes in the alternative investment, mortgage banking, specialty finance and real estate industries, and offers a wide range of tailored solutions to meet the needs of successful privately-held companies and their owners. To learn more about the public accounting services Richey May provides to the Alternative Investments industry visit https://www.richeymay.com/industries/alternative-investments/.