Four steps to keeping client data safe from cyber fraud

Cybercrime and data breaches have long been associated with banks and other large institutions, rather than advisers. Criminal gangs are, however, turning their attention to smaller businesses - and that includes adviser firms. Figures from the Security and Exchange Commission indicate almost three-quarters (74%) of US financial adviser firms had been the target of a cyber attack in 2015, and anecdotal evidence suggests firms this side of the Atlantic are also at risk of data breaches. The invisible threat - 'Cyber crime does exist' While some smaller firms might outsource their IT...