Outsourced Providers of Chief Compliance Officers (“CCO”) and Chief Information Security Officers (“CISO”) to Collaborate on “Cyber Secure” Compliance
WAYNE, PA and NEW YORK, NY – June 8, 2017 – Cipperman Compliance Services (CCS), a provider of outsourced chief compliance officers and other compliance services to mutual funds, hedge funds, private equity firms, broker-dealers, and money managers, and Align Cybersecurity, a global Cybersecurity Advisory Practice led by subject matter experts in cybersecurity law and regulation, technology and security, today announced a strategic partnership to ensure that asset managers and investment advisers maintain compliance with SEC cybersecurity requirements and help protect client data and other intellectual assets from cybertheft.
The partnership enables CCS and Align Cybersecurity to collaboratively address the cybersecurity compliance needs of asset managers of all sizes with a trusted, industry-leading solution that provides end-to-end identification, evaluation and remediation of cybersecurity deficiencies.
“Cyber Secure,” the new service suite created by CCS and Align, is a necessary investment to protect firms from increasingly aggressive digital attacks and satisfy asset allocator demands regarding compliance and data protection.
“Asset managers have too often assumed that cybersecurity was someone else’s problem,” said Todd Cipperman, founding principal of Cipperman Compliance Services. “After reviewing the state of the industry and conducting extensive due diligence in search of a partner, we identified Align Cybersecurity as a resource that can help our clients meet the newly-espoused and evolving cybersecurity standards demanded by regulators, clients and investors alike.”
The two firms bring together an active understanding of all relevant law, regulations and rules regarding cyber and data security as well as one of the deepest, most comprehensive suites of capabilities for security, testing, vendor management, employee training and vulnerability remediation.
Vinod Paul, chief operating officer of Align, said, “We offer a practical but comprehensive solution that delivers an unimpeachable cybersecurity program, either bundled as a singular solution for more mature and sophisticated funds, or scaled to start-ups or emerging managers, and designed to meet their security needs and applicable regulatory demands in either case. Moreover, our subject matter experts in law, technology, financial services, and cybersecurity ensure a comprehensive, seamless compliance program across all functions of a business.”
CCS is a leader in managed compliance services, including leveraging an experienced and operational compliance function and a designated outsourced chief compliance officer. Similarly, Align Cybersecurity will provide clients with outsourced chief information security officers (CISOs), removing the worry of regulatory technology for clients and freeing investment managers to focus on their business.
“Our team of subject matter experts provides an effective cybersecurity solution to the asset management space that is smarter, faster and stronger than the current offerings we’ve seen to date,” added John Araneo, managing director of Align Cybersecurity and general counsel of Align. “We know the asset management space and understand both the evolving legal requirements and the hyper-technical security standards, making this joint offering with CCS a tremendously effective solution for managers. Essentially, it’s Cybersecurity 3.0 for Fund Managers.”
About Cipperman Compliance Services
Cipperman Compliance Services is one of the industry’s leading providers of regulatory compliance services for both registered advisers and funds. The firm offers a variety of services for a full range of clients who, combined, manage more than $40 billion in assets. CCS provides the expertise that ensures a quality overall compliance experience. And, given the visibility of regulatory oversight in today’s environment, our position as an independent partner is extremely valuable to fund sponsors and investment managers. For more information, please visit www.cipperman.com.
Align provides comprehensive Cybersecurity Advisory Services to investment advisers and to the broader alternative asset management space, encompassing technology, legal, security and governance expertise and capabilities. Align has been building complex technology infrastructure, networks and private clouds globally, for over thirty years, at some of most prestigious financial institutions and asset managers around the world. For more information, please visit www.aligncybersecurity.com and www.align.com.
Cipperman Compliance Services
Dukas Linden Public Relations
Photo Credit: Align