Small Steps to Put an End to Cybercrimes

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SMALL STEPS TO PUT AN END TO CYBERCRIMES
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INCREASING CYBERCRIME

• Wealth management software for advisors has grown
  by leaps and bounds, offering almost everything a
  firm needs to remain technologically relevant.
  However, as more process have gone electronic,
  this has opened the door for cybercrimes.
• Criminals are increasingly attacking through
  electronic methods, such as viruses,
  impersonation, and hacking. If theres a will a
  cybercriminal will find a way, and its up to you
  to ensure your firm and clients information is
  well protected.

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INCREASING CYBERCRIME

• Criminals can come in and find vast amounts of
  personal data, which can be used fraudulently or
  sold on the black market.
• Another reason for an increase is the relative
  ease an individual can obtain information
  criminally. All thats needed on the criminals
  end is a computer and Internet connection.

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INCREASING PROTECTION

• With the increase of cybercrime comes the need
  for increased protection. There are two standards
  that must be met, and they include your brands
  standards as well as regulatory standards.
• To ensure the possibilities of an issue are as
  low as possible, implanting the most up to date
  technologies and software will ward off potential
  invaders.

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HOW TO AVOID DATA BREACHES?

• Limit Email Communication
• Train and Supervise Your Employees
• Insurance
• Selecting Proper Software

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1 LIMIT EMAIL COMMUNICATION

• Emails are taken for granted that no one is
  watching, when in reality there could be someone
  watching every day, studying patterns and
  gathering data.
• Limit communications via email if possible,
  especially if there is sensitive data being
  transmitted.
• Instead, set up a secure portal where information
  can be deposited or reach out via a phone call if
  applicable.

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2 TRAIN AND SUPERVISE YOUR EMPLOYEES

• Training and proper education can go a long way
  in stopping potential attacks at the front line.
• Financial institution staff are regularly
  required to take certain courses and within them,
  there are breakdowns on how to spot potentially
  fraudulent activities.

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3 INSURANCE

• Wealth management firms should always have
  insurance in place, but that insurance should
  cover claims of negligence, breach of fiduciary
  duty or lack of regulatory compliance.
• Not that your company will need to use it, but it
  should protect the business against anything a
  person might attempt.

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4 SELECTING PROPER SOFTWARE

• Lastly, selecting the appropriate software will
  help to eliminate any shortfalls your business
  may have.
• By ensuring your current or future software
  safely stores information, you will eliminate
  stress down the road.

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REACH US
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clients, as well as secure Document Vault.
Address 340 S Lemon Ave 8561, Walnut, CA
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