As the industry waits for the Securities and Exchange Commission’s final rules on cybersecurity, RIAs can take steps now to better safeguard themselves and their clients.
Choosing common technology vendors or bigger brands does not remove the RIA's responsibility to clients.
Making smart technology decisions can serve as a pre-emptive strike against the potential fallout from future cyberattacks.
Handled incorrectly, a technology failure can undo the brand goodwill RIAs spend years cultivating.