ProEquities, an Alabama broker-dealer, today announced the unveiling of a new cybersecurity platform.
Rolled out in collaboration with software provider Entreda, the new platform will provide enhanced safeguards for devices and advisor workstations, back-end reporting capabilities and comprehensive advisor training programs, with an emphasis on integrating these elements of cybersecurity.
“Unfortunately, much of our industry continues to rely on siloed cybersecurity systems cobbled together across multiple service providers that offer patchwork solutions to strategic challenges,” said ProEquities President and CEO Chris Flint in a statement. “We’re confident the launch of our comprehensive cybersecurity platform will not only enable our advisors to provide their clients with the best possible protections that exist today but will also help to set higher data integrity and protection standards across our industry.”
The announcement comes as the issue of cyberattacks continues to occupy more time, money and human resources across the industry, with firms and advisors searching for new ways to protect sensitive data and fend off potential threats.
ProEquities is an Alabama-based independent RIA and broker-dealer with about 700 independent financial advisors and $16 billion in assets under management. It is wholly owned by Protective Life.