|
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

Recent high-profile cyberattacks underscore the importance of tracking how and where client data is used, transferred and stored by third party vendors to RIAs. The reality is, “the cloud” is not – and never was – a cybersecurity solution.
RIAs are responsible for telling clients when a vendor is hacked and their data may be at risk. This means firm principals must take a far greater interest in ongoing cybersecurity management than they probably ever wanted. It’s not an enviable position to be in, but passivity and ignorance on these issues puts the firm at much greater risks of problems down the road.

RIAs may not ever be able to guarantee the absolute security of client information and assets, but they are not absolved from putting forth their best effort to protect them. Firm owners need to understand the bigger picture around how and where the outsourced cloud-based solutions they have chosen are storing and protecting their clients’ data.

VENDOR BREACH

Vendor breaches are vendor issues, right?

Wrong. RIA principals must consider how their responsibility to act in clients’ best interests translates to data and personal information protection.

The checks and balances that advisers employ to run their firms and manage client assets and risk should extend to vendor selection and cybersecurity. This means that before a breach happens, RIAs should be doing due diligence on their vendors to ensure that their cybersecurity protocols fit into the firm’s business processes.

(More: Technology issues test RIAs and custodians.)

Choosing common technology vendors or bigger brands does not obfuscate the RIA’s responsibility to clients. Just because the vendor is big does not free the RIA from having to understand how they handle their data – i.e., does the vendor use third parties, and if so, how and for what? How do they handle data encryption? Who manages their servers?
And a new crop of technologies in the RIA space means that the best-known brands may not offer the best solutions for some firms. When considering newer entrants to the space, it is critical that firms conduct a thorough cybersecurity vetting process.

Regardless of whether it’s an established brand or new provider, advisers have an obligation to their clients to understand how their data is being managed and to take action if a breach happens.

CLIENT DATA
Here’s a key question: “Where is my client data?

Suppose a RIA uses a third party for its CRM or for portfolio management. The vendor uses a global computing system, it could be any provider, such as Amazon Web Services (AWS), Microsoft Azure, Google Cloud or another. Now let’s say there is a data breach at one of the data centers around the world for this provider. Is the RIA’s client data at risk?

While there may be no way to know right away whether client data was compromised, take a step back from for a moment. When choosing the CRM vendor, did the RIA ask which global cloud provider the vendor used? Did the RIA ask where – literally, what country or countries – their client data was being stored?

(More: Someone tried to hack my Social Security account.)

If the RIA does not know where the data is being stored, the firm might not even know that its data was or could have been breached. Firms need to ask their vendors specific questions about where their data is being stored. They also need to ask about the notification process in the event of a breach, particularly if data is going overseas.

Most advisers would probably admit that they have assumed “the cloud” as a mysterious place where their client data and firm information are safe and secure by default. This needs to change. The worst thing an RIA can do is to not ask questions of their vendors. Instead, RIAs need to probe their vendors on their own cybersecurity protocols so that in the event of an issue, they can communicate with clients with some assurances.

Wes Stillman is the president of RightSize Solutions.

Related Topics: Cyber Attacks

Learn more about reprints and licensing for this article.

INSIGHTS
What We’re Saying
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
Apr 30th, 2024
Secure and Streamlined: How Visory Powers Dawn Brolin’s Premier Accounting Apps Lineup 
In the fast-evolving world of accounting technology, cybersecurity and data management are paramount. Dawn Brolin, a respected CPA and an innovative thought leader in the
Apr 11th, 2024
Q&A with Visory’s Director of Cybersecurity
Join us for an enlightening webinar designed specifically for accountants, featuring an exclusive Q&A session with Tammy Jutras, Director of Cybersecurity at Visory, and Liz
Mar 12th, 2024
Cybersecurity 101: The Basics Explained
The media hype and the sheer volume of information around cyber-security and cyber attacks, can be really overwhelming. We get it.  That’s why we are
Mar 12th, 2024
How Well Are You Protected Against Cyber Threats? Take our 5-Minute Cybersecurity Assessment.
We’re continuing our back to the basics cybersecurity series with a short assessment; no sensationalism, no fearmongering, no guilt – just the facts.  Our first
Copyright ©2024 Visory. All rights reserved.