Wednesday, May 14th, 2025 A topical newsletter from PLANADVISER Cybersecurity and Data Protection This week’s Spotlight series considers issues in cybersecurity and data protection in financial services. SPONSORED AD Data & Research Financial Firm Investment in Gen AI Surges, Cybersecurity Remains Priority A Broadridge survey found a leap in firms’ investment plans for generative AI technology. In Practice Tech Issues at Forefront of Wealth Managers' Focus, Says Wipfli Report The report notes that advances in technology also come with hurdles such as high costs, integration with existing systems, and data privacy and security. Compliance SEC Announces Unit to Protect Investors From Crypto, AI Scams The Cyber and Emerging Technologies Unit will be led by Laura D’Allaird, who was co-chief of the predecessor Crypto Assets and Cyber Unit. Compliance Regulators Urged to Take Risk-Based Approach Toward AI A recent SEC-hosted roundtable addressing artificial intelligence highlighted the risks and rewards of its usage in financial services. Data & Research Generative AI, Email Scams Lead Cyber Fraud in 2024 One of the biggest challenges executives cite in fraud prevention is that employees don’t always follow fraud prevention policies, according to research from Trustpair. Compliance Participant Data at Community Colleges, Public Schools Exposed in Breach at TPA A third-party administrator of 403(b) and 457(b) plans experienced a cyber breach last month, exposing sensitive information of more than 48,400 retirement plan participants. Did someone forward you this newsletter? Sign up here to get PLANADVISER Spotlight directly in your mailbox!

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