Q: All we keep hearing about at my firm is “cybersecurity.” I get what I’m supposed to do: Don’t click on strange links in e-mails. Watch out for phishing attempts. Verify distribution requests with my clients verbally. Beyond that, isn’t it the firm’s responsibility to make sure its systems are buttoned up?
A: Actually, the measures you’re taking aren’t the only ones that you personally need to worry about when it comes to cybersecurity.
If you work from home, is your modem secure? If you’re working remotely from a coffee shop, is the Wi-Fi allowing hackers to access your laptop? Do you save your passwords on your smartphone in an unencrypted file? Do you use the same password for different accounts? And have you failed to speak to your clients about how they’re keeping their financial information secure?
These are just a few of the additional questions you should be asking yourself.
It might help to re-think your attitude about cybersecurity. Treating it as your firm’s responsibility,
The
Broker-dealers that get hit with cyberattacks not only lose money as a direct result of the incursions, but also
So if you can’t get on board for the sake of your employer and you’re not concerned about your clients losing money, then at least do it for the sake of your own pocketbook.
Certified financial planners will pay an additional $120 a year for the CFP designation, starting in October. The CFP board said the fee hike will help fund expanded advertising efforts.
Adoption of these applications has grown exponentially, but some advisors and attorneys say caution is warranted.
With more than a decade of experience in the digital and clinical health space, Kristen Larson specializes in cultivating positive, long-term client relationships that reach organizational goals. At Personify Health, she leads and develops a team that delivers experiences that build loyalty and guide program growth to drive peak performance, health outcomes, and healthcare cost impact. Kristen is a graduate of the University of Illinois, Urbana-Champaign.
