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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

OBR leak 'embarrassing' as Selby calls for pension stability after Autumn Budget

OBR leak 'embarrassing' as Selby calls for pension stability after Autumn Budget

AJ Bell’s Tom Selby joins Sahar Nazir in the studio to unpack the Budget

Sahar Nazir
clock 28 November 2025 • 1 min read
Andrew Goodwin: Advisers shouldn't have to be told to improve

Andrew Goodwin: Advisers shouldn't have to be told to improve

'The fact is that nobody stays ahead of the curve by standing still'

Andrew Goodwin
clock 28 November 2025 • 4 min read
Treasury Committee chair welcomes plan to replace Lifetime ISA

Treasury Committee chair welcomes plan to replace Lifetime ISA

LISA is ‘too complex'

Sahar Nazir
clock 28 November 2025 • 2 min read