The six biggest cyber threats for financial advisers

Cyber incidents put trust between advisers and clients at risk

Jen Frost
clock • 3 min read

Financial advisers are facing a rising cyber incident threat, with artificial intelligence (AI) allowing cyber attackers to carry out increasingly sophisticated attacks.

Speaking at PA360 North, Evelyn Partners business development manager Joe Sheehan outlined the six biggest cyber threats facing financial advisers today. Sheehan warned of a 40% year-on-year increase of cyber-attacks against financial services firms. What are the six biggest cyber threats facing financial advisers today? Human error Supply chain security controls Weak access controls on sensitive data Ransomware AI phishing and deepfakes Seasonal attacks Sheehan cautioned that the advent of AI is allowing cyber criminals to develop more sophisticated phishing attemp...

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