The whole idea behind risk assessment is to verify independent third party that the firm is complying with the requirements that have been defined for them,” Mr. Edelman said. “It's a major problem when a financial adviser is not using a cybersecurity firm that understands financial services because he ends up being out of compliance as a result."Brian Edelman, chief executive, Financial Computer Service |
The whole idea behind risk assessment is to verify independent third party that the firm is complying with the requirements that have been defined for them,” Mr. Edelman said. “It's a major problem when a financial adviser is not using a cybersecurity firm that understands financial services because he ends up being out of compliance as a result."
