Cybersecurity Checklist Archives

FINRA Encryption Best Practices

Posted on August 16, 2023 by SCM Communications

Twenty years ago, when all of us worked in the office, the IT department was able to manage a broker dealer’s cyber security fairly well. All of the computers worked off of a main network where various firewalls and malware protection could be maintained on a regular basis. Then comes COVID and all personnel began to work remotely. Post COVID, much of the broker dealer workforce still works remotely. It has become the new normal. How can your broker dealer’s IT department and/or vendor make sure that everyone’s computer equipment is up to date with the strongest and most current Read more about FINRA Encryption Best Practices[…]

Cyber security is complex and cyberthreats are constantly evolving. Therefore, a substantial challenge that many firms face is that they just do not have the in-house resources available to dedicate a team of individuals to a cyber security program.

Cyber Security – Is the “Blind leading the Blind?”

Posted on April 10, 2023April 21, 2023 by SCM Communications

As consultants, we can’t emphasize enough the importance of having a proactive cyber security program that is specifically tailored to protect disruption of critical systems as well as protection of sensitive data for both the firm and its customers.

Cybersecurity for Broker-Dealers

Posted on June 3, 2016May 18, 2020 by admin

As technology continues to advance and broker-dealers become increasingly more dependent on it, the topic of cybersecurity has been pushed to the forefront in the financial industry. The nature of the industry requires broker-dealers to maintain records of client sensitive information including, but not limited to the following: account numbers, social security numbers, licenses, and financial condition. If any of this information is compromised from an outside source, not only will the investor suffer but the broker-dealer may also suffer. Read More…