Cybersecurity

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Custodians Have Fired RIA Firms With Poor Cybersecurity As Hacking Rises

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Dealing with a hacked account is very costly and time consuming for custodians.

Advisors Will Be Held Accountable For Client Cybertheft, Mark Hurley Says

by FA Staff

Cybertheft is $10.5 billion business that is bigger than the global drug trade, said Digital Privacy & Protection CEO Mark Hurley.

Biden's Cyber Plan Would Hold Software Makers Responsible For Hacks

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U.S. officials have publicly complained that tech companies have failed to sufficiently secure user accounts.

Can ChatGPT Replace Advisors?

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Industry CEOs at FSI OneVoice said the new AI chatbot could give advisors a run for their money.

Wall Street's ChatGPT Nightmare Is Over Before It Starts As Banks Crack Down

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Several big financial firms have compliance concerns over their employees' use of the ChatGPT AI tool.

JPMorgan Restricts Staff's Use Of AI-Powered ChatGPT Bot

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The artificial intelligence software has become an internet phenomenon in recent months.

ChatGPT Will Lead To Layoffs, But Traders Say They Will Be Fine

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Surveyed financial workers didn't view their own jobs as being at risk by AI any time soon.

Citadel's Griffin Sues IRS For Failing To Protect His Financial Data

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Ken Griffin is seeking financial damages over a data breach, claiming the IRS didn't protect his information.

Fintech Pivots To Prepare For An M&A-Laden Future

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More mergers means there's going to be more clashes between advisors' favorite tech stacks.

Fighting Financial Fraud Costs More Every Day, LexisNexis Says

by FA Staff

The price tag for trying to stop fraud adds up to more than what the fraud nets, the firm's annual study concluded.

The ‘Next Warren Buffett' Curse Isn't Always Fatal

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Crypto billionaire Sam Bankman-Fried couldn't survive the comparison.

Rising Wealth Demands Vigilance Against Fraudsters, Cyber Security Execs Say

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Protective measures need to be taken as the number of wealthy households increase, they said.

Step Up Your IT Security Game

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Is your RIA maximizing all the enterprise security tools available?

Millennials Are Richer And Want Advice

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A Cerulli report says that millennials now tripping into the mass affluent category want help.

Bear Markets Offer A Chance For Advisors To Grow, Consultants Say

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Down times are an opportunity for client acquisition and mergers and acquisitions, they say.

Return-To-The-Office Mandates Will Require Cybersecurity Adjustments For Advisors

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By implementing an all-in-one network security solution, firms can keep users safe at all times.

JPMorgan, UBS Brokerage Units Pay SEC Fines For Anti-Identity Theft Programs

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The brokerages violated regulations that lay out requirements for financial firms' prevention programs.

Visory Launches Out Of Merger To Offer Tech To RIAs

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Missouri-based Visory of was formed through the combination of True North Networks and RightSize Solutions.

BofA Expected To Pay $200M Fine For Personal Device Misuse

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The company will pay an amount in line with penalties that have been levied across Wall Street banks.

65 Incorporated Rolls Out Medicare Planning Software For Advisors

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The software suite has different plan levels to accommodate the needs of small, medium, and large advisory practices.

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