Securities America Offers New Cyber Security Protection
Securities America and its parent company, Advisor Group, are committed to helping affiliated financial professionals protect their clients and their businesses from rapidly growing cyber risks, while aligning with increasing regulatory commitments. Beginning early next year, the wealth management firms will implement a new cyber security program.
“Cyber-attacks are among the most challenging risks financial professionals must manage,” said Securities America CEO and President Jim Nagengast. “Recovering from a cyberattack can be complicated and costly. The number of firms being examined and/or fined by regulators for not providing adequate cybersecurity grows daily. Supporting our financial professionals means setting compliance standards that go above and beyond the minimum — and delivering solutions to help them comply with those standards.
“That’s why we are expanding our protection with our new CyberGuard Program, which includes automated system monitoring, affordable cyber risk insurance, security awareness, access to data backup vendors, and more,” Nagengast said. “These end-to-end cybersecurity resources have been designed to repel increasingly complex and dangerous cyber threats and provide 21st century protection for our financial professionals and the clients they serve.”