Most registered investment advisory or financial advisory firms have fewer than 25 employees. So how can a small team manage hundreds or even thousands of accounts — reaching hundreds of millions, if not billions, of dollars of assets under management? One key factor is the technology they use. That’s why it’s crucial for RIAs and financial advisors to proactively secure their technology.
President of RIA WorkSpace, David Kakish, joined the Truelytics podcast to discuss how RIAs or financial advisors can avoid a high RON, or return on negligence, by investing in endpoint security and maximizing their Microsoft 365 licenses or subscriptions. Enabling multi-factor authentication, implementing a next-generation virtual private network solution, and using Microsoft Single Sign-On are just a few key ways to protect your clients’ data and ensure that your firm is running as efficiently as possible.
You don’t want to be a sitting duck when it comes to cyberthreats. Use this 29-point checklist to ensure your current cybersecurity measures address privacy concerns, compliance issues, and the policies and procedures critical to maintaining a secure RIA or financial advisory firm. If you’re ready to learn more about how to improve your firm’s cybersecurity posture, please contact us today.
| You can listen to the Truelytics podcast here. |