Capital Asset Management has launched a new cyber-security system to protect itself and its clients from the growing threat of cyber crime.
The chartered financial planning firm has introduced FileSafe™, a cloud-based storage and file sharing platform, in an effort to share confidential documents and communicate with its clients and other third-party professionals in a "highly secure environment".
Capital said emailing confidential documents is "no longer a safe or compliant method" and can leave both clients and advisers vulnerable to cyber crime.
The firm is also undertaking measures to organise and simplify the paperwork it holds, including wills, passports, legal documents and investment statements. It will provide secure access to the documents from any location, by way of an internet connection.
Capital will also help its clients organise their paperwork. Upon request, the firm will visit clients' homes to scan and securely file all clients' paperwork that is stored away in cabinets and drawers.
"Our objectives on launching FileSafe™ were two-fold," said Capital CEO Alan Smith. "First, to ensure sensitive personal and financial information is kept as securely as possible - particulary when being transferred to and from ourselves and our clients.
"At the same time, we want to help our clients get fully organised and to declutter their paperwork and personal financial documents."
He added: "FileSafe™ ensures we can achieve both objectives in simple, elegant and easy to access format and has been warmly welcomed by our clients and their other professional advisers."
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