“Beware Of Cybersecurity Risks And How To Implement Regulatory Compliant Solutions”
By Ken Leibow
Cybersecurity is of critical importance in the financial services industry due to the sensitive nature of the data being handled and the regulations that the industry is subject to. Financial institutions are entrusted with their customers’ personal and financial information, and a breach of that information could lead to severe consequences for the institution and the individuals affected.
All regulations require financial institutions under their jurisdiction to implement a cybersecurity program that includes safeguards, vendor due diligence, risk assessments, employee training, and incident response plans. Most regulations also require annual certification of the cybersecurity program by a senior officer and the completion of regular penetration testing and vulnerability assessments.
FCI provides the financial services industry with cybersecurity solutions that solve the last mile of regulatory compliance and information security policy adherence.
For example, many advisors connect to their agency/firm using a personal computer and mobile device, which increases risk for exposure of personally identifiable information (PII) if those devices are not known and protected.
FCI delivers Managed Cybersecurity Services to Insurance Carriers, Brokers, and Agencies to ensure enforcement of cybersecurity controls and evidence of compliance:
- Managed Endpoint Protection for devices used to access, store, or control private data.
- Managed Network Protection for private, secure network communications including remote users.
- Cyber Safeguard Evidencing & Scanning for domains, clouds, networks, and endpoints with detailed reporting and remediation recommendations.
For more information about FCI or to request a free network audit please visit: www.fcicyber.com
Read the full Broker World article: https://brokerworldmag.com/beware-of-cybersecurity-risks-and-how-to-implement-regulatory-compliant-solutions
About Ken Leibow
Ken Leibow is founder and CEO of InsurTech Express. He brings more than 36 years of insurance industry experience with an extensive background in insurance technology for distribution and back office systems.
About Broker World
Broker World is the only national insurance magazine founded, focused and edited to specifically address the brokerage marketplace and the unique informational needs of independent life and health producers who select the products best suited to their clients’ needs from a variety of companies and marketers. The primary service is to provide a channel of communication between life and health companies and marketers and the 28,600+ proven producers of substantial amounts of brokerage business that constitute Broker World’s readership.