The ‘Inside Scoop’ - ‘Tips’ from the Cybersecurity Regulators

At a recent cybersecurity conference in New York City, there was a sterling panel of attorneys and executives from almost every branch of the federal and New York state governments who somehow touch upon the topic of cybersecurity. This included representatives from the Securities and Exchange Commission (SEC), the Federal Bureau of Investigation, the U.S. Attorney’s office for the Southern District of New York, the Federal Trade Commission, and the New York State Department of Financial Services (NYDFS). Rarely do you see every one of these agencies and departments on the same panel, let alone in the same room.

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Advisor Armor
Financial advisors need to put cybersecurity plans to the test

As advisory firms face risks of phishing, ransomware, email viruses and other targets, there’s one key way for them to know if they’re prepared: Put their systems to the test.

  • Top-ranking firms are adding technology and insurance to protect their businesses from such events, and training employees to spot the risks.

  • Having detailed strategies not only help firms stay in good standing with regulators, but also gives them a blueprint of what to do if a breach ever occurs.

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Advisor Armor
Cyber-Resilience vs. Cyber-Security: Understand the Difference

While most professionals living in the modern world understand the importance of cybersecurity, far fewer people ascribe adequate significance to cyber-resilience. In fact, many folks do not understand the important difference between the two disciplines – a deficiency that sometimes leads to unnecessarily tragic outcomes after data breaches.

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Advisor Armor
7 key cybersecurity tips for small businesses

Large enterprises typically have the resources to protect their networks against the ever-evolving landscape of cybersecurity threats. But smaller businesses have tighter budgets and fewer resources. Hackers know that, which is one of the main reasons they target small businesses. A cyberattack can have serious consequences, with many small businesses having to shutter for good due to the fallout. These are high stakes. With that in mind, here are seven key security recommendations for small businesses.

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Advisor Armor
Top 5 Things to Do If You Suspect a Business Data Breach

Are you ready for a data breach? Is your business prepared to address the potential data loss if a hacker infiltrates the network server housing your customers’ personal information? Read on to learn how to answer the million-dollar questions that will inevitably come your way when a data breach occurs.

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Advisor Armor
Recent Cyber Attacks Target Asset Management Firms

A recent flurry of cyber attacks on asset managers should remind asset management firms and other financial institutions that they are attractive targets for cyber-exploitation and need to remain vigilant and institute appropriate preventative controls and monitoring procedures, as well as post-attack action plans.

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Advisor Armor