Why cybercrime protection is increasingly important for advice businesses

More sophisticated scammers

clock • 5 min read

Cybercrime is increasingly prevalent and advice firms must take action to protect their business and client data from identity theft and fraud, writes Anthony Rafferty

As adviser businesses look to return to something resembling ‘normal' after the Covid-19 pandemic, remote working is likely to be on the agenda for both businesses and employees.   Most firms had to respond rapidly to the initial Lockdown, providing laptops to staff, subscribing to a virtual private network (VPN) and implementing protocols and procedures for dealing with the new, virtual environment, to keep the business up and running and serving clients. While those procedures have lasted for lockdown, a greater reliance on digital working going forward, whether or not firms decide ...

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 Regulation

The morality regulator? Has the FCA gone too far on non-financial misconduct?

The morality regulator? Has the FCA gone too far on non-financial misconduct?

When the regulator follows you home

Gareth Fatchett
clock 17 September 2026 • 8 min read
FCA's CP26/10 lets firms gather less - it doesn't let them assume more

FCA's CP26/10 lets firms gather less - it doesn't let them assume more

'A family knowing a client's wishes is not the same as the client stating them'

Mark Buck
clock 15 September 2026 • 5 min read
What the FCA's Mills review means for financial services

What the FCA's Mills review means for financial services

Regulatory expectations will need to evolve as AI becomes more autonomous

Jessica Caws and Cheryl Tham
clock 07 September 2026 • 6 min read