Los Angeles RIAs Top Cyber Security Concerns (SlideShare)

Los Angeles RIAs

Top Cyber Security Concerns

Courtesy of FPA Technology Services, Inc.

http://www.TechGuideforLAInvestmentAdvisors.com

http://www.techguideforlainvestmentadvisors.com/

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Craig PollackFounder & CEO

As cyber-attackers become

more sophisticated,

the threat landscape expands,


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making it necessary that

Los Angeles RIAs implement

security solutions to identify,

monitor, and handle risk


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Ransomware


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Once it is in control,

the ransomware will try

to exploit a user’s stored

credentials to infect

stored data,


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encrypting it and enabling

attackers to demand money

for release of the data


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Theft of Mobile Payment Data


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Although the theft of

financial information

is not a new phenomenon,


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methods of paying for goods

and services have expanded

to include mobile and

contact-free payments,


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and hackers have developed

strategies for taking advantage

of them


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Weak Passwords


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For greater cyber security,

RIAs should use case-sensitive

passwords that consist of

letters, numbers, and symbols


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Botnet Attacks


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Botnets are groups of

computers or Internet-enabled

devices that have been

hacked and used to attack

servers and commit fraud


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Bottom Line


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Consumer protection

is mandated by industry

as well as state and

federal regulations


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The attackers and the attacks

are both constantly changing,

making it difficult for security

defenses to keep pace,


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but constant vigilance

can prevent situations before

they reach crisis point


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Has your firm improved

its cyber security in the wake

of recent and highly publicized

company hacks?


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Let us know your thoughts

in the Comments box below


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