In order to provide real-time access to personal account and investment information, advisory firms use cloud-based technologies to deliver new products and services to their clients. Unfortunately, doing so provides cyber criminals with an access point to seize sensitive financial information for ransom or sale.

As a result, it’s important for all firms to have an information security strategy in place that safeguards company and client data wherever it resides. This strategy includes an ongoing, internal assessment of cybersecurity strengths and weaknesses, and, if needed, enlisting outside information security specialists to test and verify its effectiveness.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access