Encryption Archives - MasterCompliance

Broker Dealers and Registered Investment Advisors (“RIAs”) live in a time of data threats from all angles. The financial services industry is faced with many unique requirements for storing sensitive client data for extended timeframes, and by doing so, the industry has become a primary and lucrative target for scammers. The following practices help ensure that access and data integrity is controlled and tracked properly. Cybercriminals are constantly developing new ways to infiltrate systems, and the only way to mitigate the threat is to keep evaluating what your broker dealer or RIA can control and improve what it cannot control Read more about Data Storage and Cybersecurity Best Practices[…]

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[…]