Anthony Rafferty: Keeping your clients' information secure

75% of reported fraud crimes are cyber-enabled

clock • 3 min read

Anthony Rafferty looks at the rising threat to advice firms from data breaches and suggests some simple but effective actions that can be taken to reduce business risks

Incidences of cybercrime and data breaches are on the rise. As businesses have developed their digital capabilities and usage, so too has the world of crime. This type of crime is now big business for criminals around the world, who can target companies and individuals thousands of miles away from where they are located. Speaking at the Personal Investment Management & Financial Advice Association's (PIMFA) annual Financial Crime Conference earlier this year, Commissioner Ian Dyson of the City of London Police stated that "75% of all fraud crimes reported are cyber-enabled - it's now ...

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