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December 26, 2025
Rajib Chanda Quoted in BoardIQ Regarding Weak Cybersecurity at Advisory Shops
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AI-made summary
- Corporate Partner Rajib Chanda, quoted in BoardIQ, discussed the oversight of third-party vendors concerning cybersecurity risk
- He pointed out that although a mutual fund may not possess clients' personal identifying information, it is distributed through broker-dealers who do
- Chanda emphasized that while the fund may not have legal liability for this information, its reputation could still be at risk due to potential cybersecurity issues involving third parties.
Corporate Partner Rajib Chanda was quoted in BoardIQ in an article discussing how to oversee third-party vendors with regard to their cybersecurity risk. Rajib noted that even if a fund doesn’t have personal identifying information of clients, it is still being sold through a vast network of broker-dealers who do. While a mutual fund may not have any legal liability for that information, the firm’s reputation could still be on the line.
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