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Advisers a ‘hot target’ for cyber risk

It’s important to exercise caution with various points of entry i.e., passwords and where data is being stored to reduce the risk of cybersecurity threats.

With the RI Advice case demonstrating that anyone could be target, financial planning firms and licensees need to implement adequate measures in place such as using the antivirus and firewall protections on all devices, using passwords with sufficient strength and ensuring all employees are across organisational cybersecurity policies.

Vincent Holland, Co-found of Pluto soft raises the importance for advice practices to consider certain precautions that prevent them from being vulnerable to cyber risk on Professional Planner

Read the full article here

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