Displaying 51 results
Texas pension fraud case highlights cybersecurity risks
A man was sentenced for helping steal nearly $1 million from participants in the Employees Retirement System of Texas, a development that occurs as the DOL is ramping up efforts to boost cybersecurity in retirement plans.
Spark announces best practices to protect against retirement fraud
The Spark Institute's standards build upon DOL cybersecurity guidance to provide more clear-cut practices designed to defeat retirement account fraud.
Prep for ransomware attacks or be ready to pay the price
Ransomware attacks in the U.S. increased 300% in 2020 and cost victims $350 million. Advisers make easy targets because they publicly release AUM and hold some of the most sensitive client data that directly connects to their finances.
Data security concerns force the DC industry to cooperate
The recent Government Accountability Office report and even more recent Department of Labor guidance on cybersecurity hammer home the reality that protecting plan and especially participant data has become a fiduciary responsibility.
DOL’s cybersecurity tips were needed, but 401(k)s shouldn’t ask much from participants
A system built around inaction shouldn’t expect people to become more involved with it, much less bear responsibility for keeping their accounts safe.
Failure to overhaul cybersecurity for remote work creates regulatory risks
Firms scrambling to enhance their policies and procedures should focus on the three most common weaknesses — device security, software vulnerabilities and data privacy.
Broker-dealers brace for cyberthreats
2020 was the year that independent broker-dealers needed to rely on technology more than ever, with home-office staff and a large number of advisers working from home or in remote offices. What if criminals breach a broker-dealer's cyber wall?
Tips for guarding your devices from cyberattacks
Sophisticated cyberthreats and scams are on the rise, making it more important than ever to protect devices
FPA launches a certificate program in cybersecurity
Aim is to help planners create a cybersecurity program and aid in compliance
Hackers say they hold keys to 10,000 Robinhood accounts
Robinhood-related emails up for sale on the dark web reportedly outnumber those for other brokerages by about 5-to-1
SEC warns of ‘credential stuffing’ cyberattacks
Criminals are increasingly gaining access to login credentials by using programs that troll the dark web for usernames and passwords
Business continuity planning is top compliance concern for advisory firms
Issue eclipses cybersecurity for first time in six years in the Investment Adviser Association survey
The key for advisers still working from home? It’s digital
With back-to-office plans in flux, the acceleration of digital-driven processes among advisers is a trend for the long haul
Wells Fargo bans TikTok over cybersecurity concerns
The bank identified a small number of employees with corporate-owned devices who had installed the video-sharing application
State regulators propose model rule for advisers’ written policies, procedures
The measure would cover supervision, cybersecurity and business continuity, among other areas
Small firms face greater cyber risks amid pandemic
As experts warn of an uptick in attacks, smaller firms enter a riskier environment with fewer preparations
Smarsh acquires maker of cybersecurity tools
The acquisition of Entreda will round out the firm’s compliance offering
SEC publishes observations on industry cybersecurity practices
The agency highlights specific examples of firms' cybersecurity and operational resiliency practices
Making cybersecurity an adviser business opportunity
Advisers could become clients' first line of defense to keeping their financial lives safe
Cybersecurity is a ticking time bomb for 401(k)s
Advisers need to understand the issues, the risks and the roles of each of the parties in the 401(k) food chain that handle data, especially participant data
