A new cybersecurity defense program from Schwab Advisor Services promises to help financial professionals stay up-to-date on cyber-attack trends, regulatory developments and best practices for educating employees and clients about keeping data secure.
As part of its offering, Schwab is also releasing “action-oriented” tools to guide advisers through the cybersecurity planning process, available through a new online Cybersecurity Resource Center.
According to the firm’s research, the new cybersecurity initiative comes at a time when preventing cyber-attacks is top of mind for the advisory industry, with almost 90% of independent financial professionals pointing to “cybersecurity, privacy and identity theft” as their top compliance concern for 2016.
Schwab’s Cybersecurity Resource Center features educational materials to guide advisers through the process and offers the opportunity for one-on-one consulting for firms with more complex needs. The content aligns with the National Institution of Standards and Technology (NIST) framework, which the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) have encouraged.
More information is available at www.aboutschwab.com.