Cybersecurity has been cited as advisors' largest concern in many industry surveys, and answering that call with beefed-up security is Advisor Group, which announced a new effort to thwart bad actors from causing havoc to advisor data and systems.
The CyberGuard Program is a toolkit of services and platforms that offers a flexible structure of advisor solutions. Program features include:
- Comprehensive cybersecurity insurance, including privacy/data breach insurance protection and coverage for breach response costs, regulatory liability and business disruption;
- Discounted access to a cloud-based data backup solutions that gives advisors encrypted access to files from laptops, smartphones and other devices;
- Access to a security auditing and monitoring platform that continually monitors advisors' systems to identify potential security gaps;
- Enhanced email and file storage capabilities with strong authentication and security monitoring features.
This program will continually evolve, Advisor Group says, noting that the company will be adding a feature shortly that scours the dark web for stolen advisor login credentials, protection against email phishing and assessing third-party providers' potential cyber risk.
The new program also provides a group of dedicated cybersecurity experts to help advisors utilize the program offerings and troubleshoot any problems.
