|
Call Today (888) 252-2990
IT Support Services
View All
Obsessive Support®

The hallmark of the Visory experience, our dedicated team of professionals provides a high degree of support for all your IT needs

Managed Infrastructure

Leading edge solutions that are always working to maintain the integrity of your firm’s IT backbone

Managed Security

Best in class security to protect your firm’s data and technology

Microsoft Resource Center

Tips, advice, and industry insight from our team of accountants and business owners to yours.

We’re here to help. Contact us for a consultation.
Application Hosting
View All
QuickBooks Online

Bypass the wait time and access Visory’s Obsessive Client Support®

Quickbooks

Take your business to new heights with Visory’s flexible QuickBooks hosting solutions

Sage

The same Sage you work in every day, only better

GoldMine

An affordable CRM for small- and medium-sized businesses, built to support your sales, marketing and customer service needs

Tax

Revolutionize your next tax season with added efficiency and mobility

3rd Party Applications

Access critical applications that are integrated seamlessly into your workflow, conveniently hosted on the same server

Cloud Platforms

Access affordable enterprise-grade hosting solutions with none of the IT burden

Watch your firm grow with the ultimate ease of access, security and flexibility.
Managed Services
View All
Managed Security

We’ll help you develop and implement the right cybersecurity policies and protocols to keep your firm secure and in compliance with regulatory guidance

Managed Infrastructure

We’re here to manage your firm’s IT activity, safeguarding the integrity of your infrastructure and devices, so you don’t have to

Let’s talk about keeping your business and your data secure.
Cybersecurity
View All
Managed Security

We’ll manage your cybersecurity policies and protocols to keep your firm secure and in compliance

Zero Trust

Security that ensures everyone granted access is who they claim to be

Awareness Training & Testing

Educate and train your most important last line of defense – your people

End Device Protection

Protection where people and their machines intersect

Multifactor Authentication

Secure access to your data. Reduce the risk of compromise, prevent cyberthreats.

Email Filter

A different approach to protecting emails

Single Sign-on

Secure single sign-on access for a connected world

Backup

Backup your data for business continuity and compliance

SecureCloudDrive

Keep everyone on the same page. Any user, every device.

SASE

Secure connections for all your users, devices and networks

Written Information Security Plan (WISP)

Get started on a robust security plan with a WISP for your business

No firm is too big or too small for a data breach or a cyberattack. Let’s talk about your security.
Compliance
View All
Tax & Accounting

IRS 4557

Other Businesses

Complying with state and federal privacy regulations and more

Contact us to learn more about how we keep your business safe and in compliance
QB Desktop, QBO

Lorem ipsum dolor sit amet, consetetur sadipscing elitr, sed diam nonumy

O365

Lorem ipsum dolor sit amet, consetetur sadipscing elitr, sed diam nonumy

Liscio

Lorem ipsum dolor sit amet, consetetur sadipscing elitr, sed diam nonumy

Knowbe4

Lorem ipsum dolor sit amet, consetetur sadipscing elitr, sed diam nonumy

Sentinel One

Lorem ipsum dolor sit amet, consetetur sadipscing elitr, sed diam nonumy

Lorem Ispum Dolor Software CTA

The charges against Voya Financial Advisors earlier this week, which resulted in the company paying a $1 million settlement, makes clear that the Securities and Exchange Commission is done warning firms about cybersecurity. It’s ready to take action.
The SEC charged Voya for violating the “identity theft red flags” rule, which requires all SEC-regulated entities regardless of size to develop and implement a written program designed to detect, prevent and mitigate identity theft in connection with accounts.

Voya allegedly violated this rule by allowing attackers to gain access to its online portal by impersonating independent advisers. The adviser impersonators called Voya’s help line, requested new passwords, and used them to access the system. Even though some of the numbers were already flagged as being associated with fraud, they still made it through Voya security.

The SEC rule has been on the books since 2013, but it has never been enforced until this week’s charges.

“What we’re seeing now is a potential increase in formal enforcement and consequences,” said Bryan Baas, managing director of oversight and controls at TD Ameritrade Institutional.

“The SEC has warned the industry for many years, and now they are taking steps to make sure it’s a top priority for all advisers,” he said.

(More:​ Finra: Firms begin to heed cybersecurity, but have much to do)

It’s time for advisers to go beyond awareness of cybersecurity and start taking action to protect themselves and their clients, Mr. Baas said.

TD Ameritrade has a new Risk Defense Assessment to help RIAs understand where they have security gaps across key areas to show how the firm stacks up against recommendations from the SEC’s Office of Compliance Inspections and Examinations.
Even after the SEC announced in February that cybersecurity would be one of its 2018 exam priorities and hired four staff members devoted to expanding its efforts in this area, many firms still haven’t taken action, according to Alan Brill, senior managing director of cyber risk practice at Kroll, a global risk consulting firm.

He calls the Voya charges a “very, very loud alarm ringing” to take this seriously, and recommends executives at all firms share the case with their security team.

“The SEC has talented cybersecurity professionals working for them who are busy as you and I speak,” Mr. Brill said. “The SEC is moving from this being an esoteric problem to being a part of their everyday thinking, their everyday analysis and their everyday actions.”
“Cybersecurity is the responsibility of everyone in the organization,” he added.

The charges against Voya also highlight an ongoing vulnerability for many firms — independent contractors and other third-party partners. Even though they may not legally be employees, they are still the firm’s responsibility from a security standpoint, Mr. Brill said. For example, the infamous Target data breach was traced back to a third-party company contracted to install air conditioning in stores.

(More:​ Retirement plans see rise in cyberattacks)

Firms have invested a great deal in protecting in-house systems, implementing official cybersecurity policies and training employees, but haven’t extended the same diligence to third parties, said Sid Yenamandra, CEO of cybersecurity firm Entreda.

“Voya is just the tip of the iceberg,” he said. “There are many firms that are probably in a similar boat. It just hasn’t hit them yet.”

Entreda offers a module to help firms conduct a comprehensive risk assessment of third-party vendors, and allows firms to institute a gateway that only allows authorized contractors using properly compliant devices to access the firm’s portal. Mr. Yenamandra said this would have prevented a breach like the one Voya encountered.

He also recommends firms institute two-factor authentication, which requires a user to verify their identity on a second device, such as a cell phone, before gaining access to a system.

Wes Stillman, founder and CEO of RightSize Solutions, another cybersecurity firm, agreed that more SEC enforcement of cybersecurity is coming for the advice industry and a risk assessment is a “mandatory starting point” for firms. But firms can’t view it as a problem that security alone will solve, as humans are often the weakest link. Training and a security-focused culture are necessary for a strong defense against data breaches and fraud, he said.

“It is time for RIAs to realize that it is no longer enough to have a policy, firms must use the policy to implement a systemic approach to security,” Mr. Stillman told InvestmentNews. “They must also be able to show they are in a defensible position — including documentation of the firm’s policy, supporting procedures, implemented enforcement, training and monitoring.”

Related Topics: Securities and Exchange Commission

Learn more about reprints and licensing for this article.

INSIGHTS
What We’re Saying
Jul 17th, 2024
Protect Your Construction Business from Cyber Threats – Secure Your Future Today
When you hear “cybersecurity,” do you think:  “Ugh.”  “Not a target.”  “What does that even mean?”  “I’ve got nothing they want.”  “I’ve not thought about
Jul 15th, 2024
Navigating the Future of Cybersecurity: Insights from Industry leaders
Join us for an engaging and informative webinar featuring insights from leading experts in the cybersecurity industry. As the cyber threat landscape continues to evolve,
Jun 24th, 2024
Decoding the SEC’s New Data Breach Rules: An Essential Guide for RIAs
The SEC’s recent amendments to Regulation S-P have brought significant changes for Registered Investment Advisers (RIAs) regarding data breach disclosures. According to a recent InvestmentNews
Jun 21st, 2024
Alert from Visory: Beware of Fake Google Chrome Errors Deploying Malicious PowerShell Scripts
Recently, a sophisticated phishing campaign has been identified, where hackers use fake Google Chrome error messages to trick users into running harmful PowerShell scripts. This
Jun 13th, 2024
Cybersecurity in the Age of Digital Evolution
Join industry experts from Visory for an empowering webinar tailored specifically for accounting firm owners and accountants navigating the complexities of AI use and remote
Jun 13th, 2024
Revolutionizing Accounting with AI: Insights from Dawn Brolin
The integration of AI into our workstack is not just innovative; it’s essential for staying ahead. Dawn will share her invaluable insights on how AI
Copyright ©2024 Visory. All rights reserved.