On February 3, 2015, the Financial Industry Regulatory Authority (“FINRA”) issued its Report on Cybersecurity Practices. Reinforcing FINRA’s emphasis on protecting investor information, the report discusses the results of a recent industry-wide cybersecurity examination and presents a list of principles and best practices to guide the industry’s cybersecurity efforts going forward.

2014 Cybersecurity Examination

Last year, FINRA conducted a targeted examination of certain firms in the financial services industry. The examination sought information about various cybersecurity threats and firms’ particular vulnerabilities. The examination gathered information about firms’ approaches to managing these threats.