Post on 12-Apr-2017
Los Angeles RIAs
Top Cyber Security Concerns
Courtesy of FPA Technology Services, Inc.
http://www.TechGuideforLAInvestmentAdvisors.com
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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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