Cyber security in wealth management: protecting client data in a digital age
Source: Cyber security in wealth management: protecting client data in a digital age As custodians of highly sensitive financial data, wealth management firms are prime targets for cyber criminals, and implementing a robust cyber security framework is crucial. Digitalisation has rapidly transformed the wealth management business, changing how institutional and client data is stored, processed and shared. This shift offers immense opportunities for efficiency and client service, but also increases vulnerability to cyber threats, making cyber security a critical concern. Wealth management firms, as custodians of highly sensitive financial data, are prime targets for cyber criminals. Their unique vulnerabilities, such as handling large financial transactions and personal clientRead More →