FundFire: Wells Fargo Data Leak Shows Risk Goes Beyond Hackers
(This article was originally posted on Fundfire) By Danielle Verbrigghe July 31, 2017 Wells Fargo’s inadvertent release of sensitive client and advisor information last week illustrates the risks that financial firms can face from accidental data loss. Cybersecurity has become a growing concern for the wealth and asset management industry, as regulators have put the issue in […]
FundFire: 3 Reasons Most RIAs Are Unprepared for CyberSecurity Threats
This year has seen some of the most high profile hacking attacks in the Internet age. You would think that the near daily distribution of politicians’ emails would be enough to spur firms to increase their efforts to shore up their electronic defenses. But this has not been the case. While a recent study by the Financial Planning Association shows that cybersecurity […]
Top 5 Cybersecurity Failures in Financial Services
On April 1st, President Barack Obama declared that cyber-attacks constitute a national emergency and issued an executive order sanctioning the finances of foreign-based digital intruders. The president’s announcement was no April Fool’s Day joke. Cybercrime caused $445 billion in damages globally last year, according to a report by the Center for Strategic and International Studies, a […]
