With 100 million consumers at risk, advisers are reminding clients to follow basic cybersecurity practices
That’s the subheading of the InvestmentNews article. An excerpt:
Vance Barse, wealth strategist at Manning Wealth Management, said that even though cybersecurity is typically tied to personal financial data, helping clients calmly shore up their defences can be a way for “advisers to step up to the plate to show value that isn’t dollar-sign related.”
“The Capital One data breach serves as a great, yet painful, reminder that it’s important for clients to ask financial, insurance, educational and other institutions what security measures they have in place to help prevent such violations,” Mr. Barse said. “Given that the Capital One breach is front of mind, now is a great time for clients to inquire how their institutions will assist them in the unfortunate event that their confidential data is compromised. It’s also a great time for advisers to educate clients on the information security and best practices their institutions have in place.”
See Capital One Data Hack Puts Financial Advisers on High Alert in InvestmentNews.