Editor’s Note: Today’s blog post is a guest post from Wes Stillman, who is CEO and founder of RightSize Solutions. Wes also recently guest presented a webinar titled Cybersecurity: What Advisors Need to Know about Protecting Data. A recording of the webinar can be accessed here.
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The biggest stumbling block for registered investment advisors when it comes to guarding against cybersecurity breaches is not technology-based, it’s a people problem. The right technology is critical, but RIA leaders face a bigger challenge in fostering a cybersecurity-sensitive culture in a way that resonates throughout all levels of their firms and is much more than a simple policy handout.
How can your firm protect itself from the growing number of cyber threats? It starts with exercising some online common sense. Here a few consideration to evaluate within your company’s security practices and processes:
Ultimately, cybersecurity is a critical aspect of your firm’s success, business health, and keeping clients’ personal information safe. Firms that do not stay aware and are not proactive in this area run the risk of becoming the victim of a multitude of threats to their firm’s technology and data. For more insight, our recently published ‘Managing Your Company’s Security Policy’ whitepaper offers 10 actionable tips that your firm can immediately put in place and benefit from. These tips range in terms of effort, cost, and function and are all accessible solutions that can provide the backbone of a secure organization.
Wes Stillman is CEO and founder of RightSize Solutions, providing IT Management Services for the wealth management community and very first provider of outsourced technology management and Cloud-based cybersecurity solutions to RIAs. Wes can be reached at email@example.com
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