Checking your vendors’ cyber-security practices

A weak link in many financial advisers’ cybersecurity plans is the outside companies that help run their businesses, such as payroll companies and computer-repair firms.

Advisers want to focus on delivering great service to customers, so vendors’ cybersecurity practices are often not top of mind, said John Brady, head of information security at the Financial Industry Regulatory Authority (FINRA), at a recent conference.

“In a lot of cases, they’re trusting their vendors to look out for their best interests,” Brady said.

Read more from Reuters here

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