With the world’s eyes locked on Russia’s invasion of Ukraine, one thing that sets this conflict apart will be the use of cyber warfare.
Ukrainian government and financial institutions have already been hit by malware attacks, and the FBI is warning U.S. banks and businesses to remain on high alert for attacks to hit at home. While the financial services industry’s cybersecurity concerns have been building over time, the shift to remote work — with increased use of mobile devices and both clients and employees embracing remote access to financial data — has accelerated vulnerabilities like pouring gas over a campfire.
The latest research from Arizent, Financial Planning’s parent company, examines the state of cybersecurity in financial services and how executives are preparing their organizations for the future. I went through the data and pulled out some of the highlights for wealth management firms, and you can access the full study here.
Financial Planning is also getting started collecting data for our annual advisor fintech survey. Help us understand the trends shaping wealthtech and how your firm is investing in the future. You can access the survey here.
| | Ryan Neal
Technology Editor, Financial Planning
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| By Ryan W. Neal | Increasing complexity is making it harder than ever for wealth management firms to protect client data. Read story → |
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| | | Changing consumer expectations, new workplace realities and increasing demand for third-party access to data are pushing companies to re-invent cybersecurity's role for the future. Read story → |
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| | | By Ryan W. Neal 2 min read | The robo is adding repayment help and, eventually, 529 savings plans to its service for employers. Read story → |
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| | | By Matthew Monks and Crystal Tse 1 min read | Private equity firms have been using their war chests to go shopping for technology-focused financial services firms. Read story → |
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| Join us for this thought-provoking fireside chat as we explore how firms can rise to these requirements and thrive even in the face of uncertainty. Learn more → |
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| | | By Lynnley Browning 7 min read | Large pockets of the financial planning and wealth management industries have gone back to “business as usual” post-George Floyd. Read story → |
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