On March 14, at the Investment Company Institute's 2016 Mutual Funds and Investment Management Conference, the SEC Director for the Division of Investment Management responded to concerns that enhancing the reporting framework for investment companies and advisers would make the SEC a target for cyber criminals. He noted that the SEC was addressing cybersecurity in order to protect the information that it collects. He specifically recounted that the SEC chair had requested "funds from Congress to maintain and enhance the Commission's cyber capabilities" and that the Commission was "implementing certain cybersecurity protocols that are consistent with" recommended standards.
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