Cybersecurity Focus For The New Year

As the New Year dawns, financial firms should only expect greater and more sophisticated attacks. After all, not only do you house personal identifying information, you also have access to client funds. In a recent Investments News round-table, this threat was considered in more detail. There were a number of concerns noted, which include:

1. Email. In particular, client generated email should be a real focus because it may be very difficult to determine if it is really the client or a hacker emailing you.
2. Your IT infrastructure (hardware/software). Make sure you understand your IT architecture because this is one of the only ways you can assess and correct weaknesses in your systems against possible attack.