Darren Mead: Why advice firms need to prioritise cybersecurity now

Reputational risk

clock • 4 min read

Cyberattacks should be right at the top of the list of concerns for risk and compliance teams given the confidential nature of the information advisers manage for clients, writes Darren Mead

We've heard plenty in the last two years about how a global pandemic was highly likely but that we failed to take the threat seriously enough. Can we learn from this in protecting our businesses against cyber threats? There are certainly parallels. Our global response to Covid relied, broadly, on two things: development of vaccine technology and changing our behaviour to limit the risk of spread. It's the latter of these - the role that we as individuals can play in limiting the damage - from which I think we can learn a lesson when it comes to protecting our businesses from cyber risk. ...

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