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Small Steps to Put an End to Cybercrimes

Wealth management software for advisors has grown by leaps and bounds, offering almost everything a firm needs to remain technologically relevant. However, as more process have gone electronic, this has opened the door for cybercrimes.<br><br>Follow these small steps to put an end to Cybercrimes<br>Increase the protection of your firmu2019s data.<br>Limit email communication if sensitive data is involved.<br>Ensure you have the proper software in place to fight against potential cyber-attacks.

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Small Steps to Put an End to Cybercrimes

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  1. SMALL STEPS TO PUT AN END TO CYBERCRIMES

  2. INCREASING CYBERCRIME • Wealth management software for advisors has grown by leaps and bounds, offering almost everything a firm needs to remain technologically relevant. However, as more process have gone electronic, this has opened the door for cybercrimes. • Criminals are increasingly attacking through electronic methods, such as viruses, impersonation, and hacking. If there’s a will a cybercriminal will find a way, and it’s up to you to ensure your firm and client’s information is well protected.

  3. INCREASING CYBERCRIME • Criminals can come in and find vast amounts of personal data, which can be used fraudulently or sold on the black market. • Another reason for an increase is the relative ease an individual can obtain information criminally. All that’s needed on the criminal’s end is a computer and Internet connection.

  4. INCREASING PROTECTION • With the increase of cybercrime comes the need for increased protection. There are two standards that must be met, and they include your brand’s standards as well as regulatory standards. • To ensure the possibilities of an issue are as low as possible, implanting the most up to date technologies and software will ward off potential invaders.

  5. HOW TO AVOID DATA BREACHES? • Limit Email Communication • Train and Supervise Your Employees • Insurance • Selecting Proper Software

  6. #1: LIMIT EMAIL COMMUNICATION • Emails are taken for granted that no one is watching, when in reality there could be someone watching every day, studying patterns and gathering data. • Limit communications via email if possible, especially if there is sensitive data being transmitted. • Instead, set up a secure portal where information can be deposited or reach out via a phone call if applicable.

  7. #2: TRAIN AND SUPERVISE YOUR EMPLOYEES • Training and proper education can go a long way in stopping potential attacks at the front line. • Financial institution staff are regularly required to take certain courses and within them, there are breakdowns on how to spot potentially fraudulent activities.

  8. #3: INSURANCE • Wealth management firms should always have insurance in place, but that insurance should cover claims of negligence, breach of fiduciary duty or lack of regulatory compliance. • Not that your company will need to use it, but it should protect the business against anything a person might attempt.

  9. #4: SELECTING PROPER SOFTWARE • Lastly, selecting the appropriate software will help to eliminate any shortfalls your business may have. • By ensuring your current or future software safely stores information, you will eliminate stress down the road.

  10. REACH US ReportWa : A Product by Hexaview Technologies Inc. ReportWa offers a secure portal for your clients, as well as secure Document Vault. Address : 340 S Lemon Ave #8561, Walnut, CA 91789, United States Email : hello@hexaviewtech.com Phone No : +1-(646)403-4525 Website : https://www.reportwa.com/

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