01 December 2015 Issue 10 Thomas Parenty

For your eyes only

Thomas Parenty considers cybersecurity steps for advisors and their clients.

Key points

What is the issue? As result of the financial advisory services you provide, you are the potential target of cyberattacks focused on accessing sensitive client information.

What does it mean for me? Part of your fiduciary responsibility to your clients is that you protect their sensitive and personal information from cybertheft.

What can I take away? Even by adopting simple security measures, you can significantly reduce your risk.

 

Information security is important, and protecting your company and clients from cyberattacks should be a top priority. That much, at least, is clear from the constant barrage of news articles about companies and government agencies being hacked. However, it is more of a challenge to understand how to go about protecting yourself. Despite the ubiquity of antivirus software, and laptops and PCs being installed with firewalls, the threat persists. If JP Morgan, HSBC and Sony cannot protect their secrets, what can STEP members do?

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