Ron Burgundy Posted March 13, 2015 Share Posted March 13, 2015 Financial advisory firms are so busy trying to prevent computer hacking that they sometimes neglect an equally vital issue: what to do when hackers succeed. Â Â Â The Financial Industry Regulatory Authority (FINRA), Wall Street's self-funded watchdog, in a February report faulted some firms for having shoddy security policies, including their responses after cyber attacks. Â Â In one case, a firm ignored or missed computer-generated alerts warning of a successful cyber attack. Their warnings come as FINRA and the U.S. Securities and Exchange Commission make computer-security preparedness a priority for their examiners to review when they visit firms this year. Â Â Â Â Firms must have emergency response plans in place for cyber attacks, just as they would for other business disruptions, such as a fire, compliance experts say. Wade Chessman, president of Chessman Wealth Strategies Inc in Dallas, subscribes to a service that monitors his systems for viruses. View the full article Quote Link to comment Share on other sites More sharing options...
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