United States: Security

Cybersecurity threats are increasing—and family offices are prime targets. Sensitive data, financial transactions, and personal information make them appealing to cybercriminals.

Let us get right to it. Quantum computing is not just another tech buzzword. It is a seismic shift in how we process information, and that shift has cybersecurity experts on edge.

The Staff of the SEC's Division of Investment Management will not recommend enforcement action if registered investment advisers and 1940 Act-regulated funds treat state trust companies (STCs) as "banks" for purposes of providing custody of crypto assets and cash and/or cash equivalents reasonably necessary to effect transactions in crypto assets.