SEC Cybersecurity Compliance - Private Equity Firm
Advanced Networks conducted a comprehensive SEC cybersecurity compliance remediation and managed IT services project for a private equity firm and registered investment adviser (RIA) located in Century City, Los Angeles. The engagement followed an internal assessment that uncovered significant vulnerabilities as the firm prepared for an SEC exam under the Cybersecurity Risk Management Rule (206(4)-9). Our team successfully completed a four-phase remediation in just 74 days, addressing critical tasks such as: resolving nine major network and endpoint vulnerabilities, implementing multi-factor authentication (MFA) for all 68 accounts using Microsoft Entra ID Conditional Access, transferring limited partner and deal files from an unencrypted shared drive to a CMMC-compliant SharePoint environment featuring sensitivity labels and role-based access controls, rolling out enterprise endpoint detection and response (EDR) across all devices, substituting the outdated VPN system with zero-trust network access (ZTNA), and enhancing email security with protections against BEC and phishing attacks. Additionally, we developed a comprehensive written information security policy (WISP), crafted a SEC-examination-ready incident response and disclosure plan (IRP), established a third-party vendor risk management framework, and provided cybersecurity awareness training for all 68 staff members, which was also reviewed by an external compliance counsel. As a result, the firm entered the SEC exam cycle without any critical vulnerabilities, possessing complete documentation and continuous 24/7 SOC monitoring, which led to no regulatory fines or actions from the SEC post-remediation. Advanced Networks offers managed IT services, cybersecurity solutions, SEC compliance assistance, and IT infrastructure management for financial services firms, private equity funds, RIAs, and professional service organizations throughout Los Angeles, Century City, Beverly Hills, and Orange County, CA.