Darren Mead: Why advice firms need to prioritise cybersecurity now

Reputational risk

clock • 4 min read

Cyberattacks should be right at the top of the list of concerns for risk and compliance teams given the confidential nature of the information advisers manage for clients, writes Darren Mead

We've heard plenty in the last two years about how a global pandemic was highly likely but that we failed to take the threat seriously enough. Can we learn from this in protecting our businesses against cyber threats? There are certainly parallels. Our global response to Covid relied, broadly, on two things: development of vaccine technology and changing our behaviour to limit the risk of spread. It's the latter of these - the role that we as individuals can play in limiting the damage - from which I think we can learn a lesson when it comes to protecting our businesses from cyber risk. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your Business

All the advice firm acquisitions that have taken place in 2024

All the advice firm acquisitions that have taken place in 2024

Keeping track of the ongoing consolidation of the advice industry

Professional Adviser
clock 29 October 2024 • 2 min read
How are you planning to grow your firm? You told us…

How are you planning to grow your firm? You told us…

Responses include client referrals and offering a more comprehensive service

Isabel Baxter
clock 24 October 2024 • 2 min read
Personal wealth planning for entrepreneurs in six steps

Personal wealth planning for entrepreneurs in six steps

Helping business owners secure their personal financial futures

Mike Westbrook
clock 23 October 2024 • 4 min read