Cybersecurity Threats Facing Financial Advisors in 2020

▤ Summary

According to a recent survey from the Investment Advisors Association, cybersecurity is the biggest compliance concern amongst firms. With news of the latest security breaches popping up every day, now is the time to prepare. Thieves are always on the lookout for ways to score big from their attacks, and financial advisors are a potential goldmine of data. While you don’t have to worry about this as long as you’re using a trusted, secure network, these attacks are very real on public wifi. Ransomware is a type of malware (malicious software) that tries to scramble your data to extort a ransom from you.

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