A Quick Guide to Cybersecurity Readiness

Five Questions to Assess Your Cybersecurity Preparedness

In an era of geopolitical uncertainty, safeguarding your information is paramount. Cybercrimes pose a significant threat to your practice and reputation, potentially exposing sensitive client and personal data. Whether you run a small business or a large corporation, assessing your cybersecurity readiness is crucial.

1. Home Networks:

   Are you using them? Home networks — connecting various devices to the internet — often attract malicious attacks because they’re easier to breach than corporate networks. Protect your devices with advanced cybersecurity measures. 

2. 24/7 Cybersecurity Team:

   Do you have one? Cybercriminals exploit vulnerabilities with crypto-ransomware and point-of-entry attacks. Regular antivirus software misses 57% of these threats. Consider a robust 24/7 threat detection program. 

3. File Backup:

   Does your practice have a file backup system in place? Financial professionals can't afford to lose critical client files. Backing up data also safeguards against ransomware attacks. 

4. Compliance Monitoring:

   Do you use a tool that ensures compliance? Whether it's device locking or whole-disk encryption, continuous monitoring frees you to focus on your work. 

5. Password Practices:

   Are you reusing passwords? Even semi-predictable passwords create opportunities for hackers. Implement multi-factor authentication and use a password manager for added security. 

LPL is dedicated to helping you safeguard your business and your clients’ assets. We have resources and educational materials available on the Resource Center for you to either start or enhance your cybersecurity strategy. If you would like LPL to manage your cybersecurity on your behalf, LPL’s Secure Office offers the protection you need, at an enterprise level, for a minimal monthly cost. And the peace of mind you will have while growing your business is priceless.