Cybersecurity Is Now the Biggest Risk Facing Independent RIAs

By Christopher Winn via

If it is not yet apparent, cybersecurity is the biggest risk facing independent RIAs.

When the fraud protector becomes the weakest link, it is time to take notice.

From mid-May through July 2017, the personal information of approximately 143 million consumers was exposed during a long running data breach at Equifax (one of the nation’s three major credit reporting agencies).

The personal information that was accessed during the breach included: 

  • Names
  • Social Security numbers
  • Birth dates
  • Addresses
  • Driver’s license numbers
  • Credit card numbers for about 209,000 people
  • Credit dispute documents for about 182,000 people

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