The person most likely to compromise your firm's IT systems is probably working for you.
About 70 percent of data breaches involve a compromised user at a given firm, said Craig Watanabe, senior compliance consultant at San Diego-based Core Compliance & Legal Services.
He shared best practices for financial advisors on cybersecurity at the recent Schwab IMPACT conference in San Diego.
Treat cybersecurity as a problem you tackle from the inside. "Providing user awareness training frequently is key to stopping many cyber-attacks from occurring," said Watanabe.
Financial advisors are especially anxious about these risks. The Securities and Exchange Commission has performed sweeps of broker-dealers and registered investment advisory firms to learn more about their cybersecurity practices and governance.
Here are some specific steps advisors can take to protect themselves from hackers — and to overcome a breach, in case it happens to you.