Cyber attack protection: Six tips every IFA should follow

IFAs should have disaster recovery plans in place in case of attack

clock • 4 min read

The cost of a cyber attack to businesses is not just financial, writes Sarah Coles, firms' reputations are also at risk...

In the last month, we've seen Royal Mail, ION Group and Succession Wealth suffering cyber-attacks. It's a growing trend. Cyber risks are now the biggest concern for companies globally. According to a report from leading cybersecurity vendor CheckPoint, businesses suffered about 50% more cyberattacks every week in the first nine months of 2022, compared to the same period in 2021. In 2022, 44% of company respondents to the Allianz Risk Barometer Survey highlighted cyber incidents as their top concern. And these incidents can be costly. IBM's Cost of a Data Breach Report showed that mor...

To continue reading this article...

Join Professional Adviser

  • 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.



Already a Professional Adviser member?


More on Your Business

Glasgow, Scotland

Wren Sterling confirms acquisition deal for Scottish advice firm

Active Wealth Management will join the national’s existing Glasgow office

Hope William-Smith
clock 22 March 2023 • 1 min read
Neil Messenger

Ex-Abrdn Advice boss launches IFA under Sandringham network

PIWA was set-up by ex-Abrdn Advice director Neil Messenger

Jenna Brown
clock 22 March 2023 • 2 min read
One of the deals is for a Cardiff-based firm

Perspective inks three acquisition deals and locks in eleven more

Three firms in Huddersfield, Cardiff and Whitstable snapped up

Hope William-Smith
clock 20 March 2023 • 1 min read