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Summary: Financial advisers are changing their systems and procedures to protect clients and their own firms from the rising incidence of cybersecurity breaches. Advisers are taking such steps as verifying money requests, being more careful about passwords, banning client data from laptops and conducting annual cybersecurity audits to make sure they are protected from online criminals
 “Phishing scams have become more sophisticated and advisers have found themselves being used as part of an identity theft program. You don't want clients to think you could have been in a position to stop it."
Daniel Bernstein, director of research and development, MarketCounsel
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