Data Breaches And Cyber-Liability For Advisors

Home Depot is expected to pay banks $62 million to cover the $90-million cost to replace 7.4 million debt and credit cards compromised by a cyberattack. eBay, Snapchat, Target, J.P. Morgan Chase, and, of course, Sony have all been breached recently.

Cyber-attacks are an increasing threat and investment advisors are high-value targets.

The risk of liability and reputational damage associated with such incidents has escalated for RIAs.

At this session, you will learn:

• Key differences between an intrusion and a data breach

• Key threats to your business

• Seven steps to prepare for a data breach

• RIAs’ shocking misunderstanding about data leakage

• An effective approach to cyber liability insurance

Craig Pollack has over 25 years of experience as a trusted technology advisor working with investment advisors to ensure their business systems and network infrastructure are optimized, safe, and secure. As the CEO of FPA Technology Services, Pollack has built FPA into a leading managed service provider to RIAs in Southern California.

This session is eligible for IMCA^® CE and PACE credit toward CLU^® and ChFC^® designations.