The issue of cybersecurity for financial advisers and their firms is as complex as it is critical to the future of the industry.
Despite the fact that 8 in 10 advisers identify cybersecurity as a high priority, only 29 percent of advisers completely agree they're fully prepared to manage and mitigate the associated risks. This significant disconnect only serves to demonstrate that advisers lack a clear understanding of the risks, as well as the ability to identify a common path forward to neutralize this critical issue.
Is Your Data Safe? The 2016 Financial Adviser Cybersecurity Assessment from the FPA Research and Practice Institute™ and sponsored by TD Ameritrade Institutional, is a quantitative report that will inform three whitepapers available in the coming months designed to deliver much-needed actionable next steps to address cybersecurity threats.