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2025 ICI Operational Resiliency Tabletop Exercise -Service Provider Disruption: After-Action Report

The 2025 ICI Operational Resiliency Tabletop Exercise, simulated a prolonged outage at AlphaPrime Trust Company caused by its fourth-party vendor, CoreDataX. The disruption affected critical processes such as trade matching, settlement, and client reporting, engaging 42 firms and over 50 participants to examine fourth-party risk and strengthen resilience beyond traditional cybersecurity concerns.

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ICI Cyber Industry Tabletop Exercise 2024: After-Action Report

The asset management industry relies on a complex web of service providers, creating layered outsourcing models that include fourth-party vendors. The 2025 ICI Operational Resiliency Exercise, hosted by Charles Schwab, tested industry response to a fourth-party outage at AlphaPrime Trust caused by CoreDataX. The simulation engaged 42 firms to address cascading risks from complex outsourcing and strengthen resilience beyond cybersecurity.

The asset management industry faces an escalating battle against cybercriminals employing increasingly sophisticated tactics. From state-sponsored attacks to ransomware-as-a-service (RaaS) platforms...

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Focus on Funds: As Cybersecurity Heats Up, So Do Cyber Regulations

Focus on Funds As Cybersecurity Heats Up, So Do Cyber Regulations An onslaught of regulations focused on the digital economy is injecting new complexity into fund management. In the February 1, 2019, edition of Focus on Funds, ICI Chief Information Security Officer Advisory Committee...

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Focus on Funds: Funds Expand Their Cybersecurity Fight

Focus on Funds Funds Expand Their Cybersecurity Fight Funds are constantly tailoring their cybersecurity in response to the latest threats. In the January 25, 2019, edition of Focus on Funds, Ellen Rinaldi, who just concluded a four-year term as chair of ICI’s Chief Information...