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Worried about online fraud? Make sure your financial advisor is ready for a cyber attack

Worried about online fraud? Make sure your financial advisor is ready for a cyber attack

Finance
Cyber theft is the fastest-growing crime in the U.S., and cost the global economy more than $ 450 billion in 2016, with more than 2 billion person records stolen.By 2021, cyber crime damage costs could hit $ 6 trillion annually, according to Ernst & Young's 2016-17 Global Information Security Survey.And companies are experiencing larger breaches, reported IBM. The average size of data breaches increased 1.8 percent in 2017 to more than 24,000 records, according to its 2017 cost of data breach study.Financial advisors are increasingly aware of this threat, with 81 percent saying cybersecurity is a high priority. Yet, just 29 percent say they are "fully prepared to manage and mitigate the risks associated with cybersecurity," according to a study released last September by the Financial ...
12 Financial Truths (Including Some You Won’t Like)

12 Financial Truths (Including Some You Won’t Like)

Finance
Shutterstock photoBy Levi Roethler via Iris.xyz Ever since the end of World War II, the United States has largely been a proponent of economic liberalization, especially with the respect to trade. The reasons for this are two-fold: One, market integration promotes peace (finally the end of large-scale armies invading neighboring countries). Two, liberalization helps stimulate the global economy.… Click to read more at ETFtrends.com.The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.This article was provided by our partner Tom Lydon of etftrends.com.Let's block ads! (Why?) Latest Articles in