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If you think the need for advanced cybersecurity measures is going to disappear, it’s not. In fact it’s getting increasingly more necessary as demonstrated by Capgemini’s report, Top 10 Trends in Wealth Management 2017. Trend number two shines the spotlight on this fact.
Trend 2: Continued Focus on Cybersecurity in Light of Increasing Digitization
The report says it plain and simple: “With significant amounts of assets and financial information involved, the wealth management industry is one of the prime targets of data breaches.” It’s happening because as more online services are being used throughout the industry, risk exposure also increases.
According to the report, the increased focus on cybersecurity is driven by four factors:
As a result, “investments in cybersecurity measures are expected to increase globally as wealth-management firms respond this ever-growing threat.”
And if you’re wondering what Trend #1 is…
Trend 1: Business-as-Usual Taking Up a Significant Share of Investment Allocation of Firms. Essentially the high cost of day-to-day activities and ever-increasing regulatory demands is putting a strain on time and money for wealth management firms. One of these, of course, is IT compliance.
Are you seeing these trends happen in your business?
Let us help you navigate the world of cybersecurity with a clear plan that puts you ahead of the trends—and maximizes your security, time and money. Let’s talk about how.
Our team of professionals has the right expertise to ensure your technology and cybersecurity complies with the strictest guidance and passes regulatory muster.
Active monitoring and implementation of cybersecurity protocols and procedures using leading edge technology keeps your business and your data safe and secure.
Rely on our industry expertise to reduce your IT burden and access the best technology solution to help your business grow.