On May 11, 2022, the national Cybersecurity & Infrastructure Security Agency (CISA) issued a security alert warning about the increase in malicious cyber activity targeting Managed Service Providers (MSPs). Threat actors are focusing on…
News
Link to: “15 Ways to Leverage And Supplement AI In Your Cybersecurity Efforts” With more companies moving to permanent remote or hybrid work models, more endpoints are accessing systems of private data without proper…
Link to: Heightened Geopolitical Tensions Drive Cybersecurity Alerts for the Life Insurance Industry There are alerts coming across multiple sources from regulatory bodies to industry-specific regulators, government agencies, consulting firms, and more indicating that…
Recently, the Division of Examinations of the Securities and Exchange Commission (the “SEC”) released its annual list of examination priorities for 2022. The SEC listed five “significant focus areas.” One of the five is entitled “Information…
Leadership, IT Teams and MSPs Gain Increased Access & Shared Visibility BLOOMFIELD, N.J. APRIL 19, 2022: FCI is pleased to announce an expanded offering for Enterprises with deeper Co-Managed Cybersecurity capabilities. New realities call…
Link to: “What advisory firms should be doing on cybersecurity” By Tobias Salinger Results of Arizent’s latest cybersecurity survey of financial services business leaders revealed that “Wealth Managers have fallen behind other financial firms…
Both the New York State Department of Financial Services (“DFS”) and the Securities and Exchange Commission (“SEC”) have warned financial entities that Russia’s invasion of Ukraine will likely result in an elevated number of cyber-attacks and…
Link to: The Top Five Reasons a Security Assessment is Needed for M&A Due Diligence In an Advisor Perspectives guest article, Brian Edelman, FCI CEO & Cybersecurity Expert, details leading reasons for firms to…
As Regulations and Heightened Cyber Awareness Continue, Zero Trust Alignment is Critical to Avoid Data Exfiltration and Leaks BLOOMFIELD, NJ, March 29, 2022: This past year was a record-breaking year for data breaches. According…
As discussed in the prior update, the Securities and Exchange Commission (SEC), and specifically the Chair of the SEC, Gary Gensler, emphasized the SEC’s cybersecurity focus during his address at the 2022 Annual Securities Regulation…
Brian Edelman joins the Center for Tax, Strategies & Resources (CTSR) Orlando Academy February 9–11, 2022 as an Academy Speaker addressing member attendees who will receive 3-days of curated industry knowledge covering advanced strategies, tools,…
With Heightened Geopolitical Conditions, New Warnings Surface to Elevate Cybersecurity BLOOMFIELD, NJ, February 8, 2022: Cybersecurity continues to be a critical business function across industries with high vulnerabilities to threats and those managing sensitive…
As discussed in prior updates, the Securities and Exchange Commission (SEC) has increased its efforts with regard to cybersecurity. Towards that end, Chair of the SEC, Gary Gensler, discussed the SEC’s cybersecurity focus during his address at the…
Brian Edelman joined Insurance Town Podcast host, Heath Shearon, onsite at InsureTech Connect 2021 (ITC) for an insightful conversation about cybersecurity in the insurance industry. Heath, known as the Mayor of Insurance Town, interviews nationally…
Subsequent to the first ever cybersecurity enforcement action filed by The New York State Department of Financial Services (NYDFS) on July 22, 2020, a Statement of Charges Hearing will be held on January 21, 2022, to determine whether First American Title Insurance Company has committed violations of §§ 500.02, 500.03, 500.04, 500.07, 500.09, 500.10, 500.14, 500.15…
In the summer of 2019, Capital One discovered that a hacker had accessed private data for more than 100 million Capital One customers, including data that was part of their credit card applications, such as…
On December 7, 2021, the New York Department of Financial Services (NYDFS) issued Industry Guidance for all regulated entities on Multi-Factor Authentication (MFA) as an essential technical control required by the Cybersecurity Requirements for Financial…
Link to: Finseca.org On December 2, in a final installment of the Finseca 2021 Cybersecurity Webinar series, Brian Edelman brings together viewpoints from a BGA, RIA and Broker/Dealer affiliated financial firm for a panel discussion…
In past posts, we discussed increased enforcement efforts by the Securities and Exchange Commission (SEC). The SEC’s focus should have come as no surprise given that in early 2021, the SEC highlighted information protection and cybersecurity as key…
Link to: Schwab IMPACT 2021 Brian Edelman joins Schwab Advisor Services for IMPACT 2021 providing cybersecurity expertise in an educational session: Cybersecurity Landscape and the Benefits of Insurance on October 20, 2021 @ 11:00AM Eastern.…
In the last newsletter, we discussed the Securities and Exchange Commission (SEC) and its recent enforcement efforts. Specifically, how the SEC and the New York Department of Financial Services (DFS) have been pursuing entities for failure to…
Link to: What the SEC Cybersecurity Crackdown Means for Financial Advisers Recent SEC Enforcement Actions against eight financial firms for violations of cybersecurity safeguards is a clear signal that implementation of cybersecurity controls is paramount for protection and to avoid penalty. In discussion with Ebix, Brian Edelman, Cybersecurity Expert and FCI CEO, shared that “Broker-dealers and financial institutions have…
Link to: CYBERSECURITY AND THE FINANCIAL PLANNING PROFESSION: KEEPING DATA SAFE AND PROTECTING YOUR CLIENTS Responding to the surge of cyberattacks on the financial sector, the CFP Board has published an article underscoring the message…
In the last few posts, we discussed the NYS Department of Financial Services (“DFS”) and its enforcement efforts. Specifically, NY DFS has been going after entities for failure to report prior breaches. For example, DFS…
In the last newsletter, we discussed the NYS Department of Financial Services (“DFS”) recent efforts and its overall posture of ramping up enforcement. One of the important points that we noted was that the hefty multi-million…
Link to the article: The Increasing Importance of Cybersecurity for Registered Investment Advisors 3iCO is a NY based provider of Independent Compliance Officers for Independent Investment Advisers and Private Funds. As compliance and legal professionals,…
In the last post, it was noted that the NYS Department of Financial Services (“DFS”) was ramping up enforcement of its Cybersecurity Regulation as evidenced by two recently announced multi-million dollar settlements. One of the…
Link to CNBC FA Summit: The Innovative Advisor On June 29, 2021, the CNBC Financial Advisor Summit brings together forward-thinking advisors to hear from industry heavyweights about the state of the markets and to learn new…
The NYS Department of Financial Services (“DFS”) has recently announced two multi-million dollar settlements and has increased enforcement of its Cybersecurity Regulation. It is important to note that DFS has announced three enforcement actions since…
Plan Sponsors gain peace of mind using a NIST-based, SOAR offering to ensure cybersecurity guidance BLOOMFIELD, NJ, May 20, 2021: New regulations often drive compliance for cybersecurity. One of the latest comes from the US…
Link to Finseca.org Selected for his expertise in cybersecurity within the Financial Services industry, Brian Edelman, FCI CEO, shares key considerations for maintaining cybersecurity during unprecedented times in this thought leadership article featured by Finseca.…
Link to Finseca.org Join Finseca, Brian Edelman, CEO of FCI, and Jeff Reed, CISO of Advantage Insurance Network, for “Cybersecurity in 2021: New Threats, Resources and Regulatory Strategy” the first webinar of an exciting Finseca…
Link to MSPAlliance News MSPAlliance, global industry association and accrediting body for the Cybersecurity, Cloud Computing, and Managed Services Provider (MSP) industry today announced news citing Brian Edelman, FCI CEO in its Press Release: “Managed…
Brian Edelman, CEO, FCI Link to the article “Continuing the trend identified this year; consumers are likely to experience more personal cybersecurity breaches in the new year.A data breach can swiftly change everything. Once…
Link to the article PUBLISHED MON, DEC 7 202012:14 PM EST Cyber criminals steal billions of dollars a year from financial firms. Financial advisors – and their clients – are at risk as attacks increase…
Certificate program to help financial planners protect their data, practices, and clients DENVER (November 12, 2020) – Financial services firms are reportedly hit by security incidents 300 times more frequently than other businesses, according to…
Brian Edelman, Cybersecurity Expert and FCI CEO speaks at Finseca’s Beacon2020: A Virtual Experience
Brian Edelman, Cybersecurity Expert and FCI CEO is presenting at Beacon2020 with Jeff Reed, CISO, Advantage Insurance Network, September 16, 2020 @ 11:30 AM Beacon by Finseca is a virtual experience connecting attendees to exclusive new content, best-in-class professional development and a community of financial security professionals. Beacon will…
The New York State Department of Financial Services (NYDFS) filed its first cybersecurity enforcement action against a firm alleging deficient cybersecurity controls and other flaws in cybersecurity practices. Failure to follow cybersecurity policies, neglect to…
On May 4, 2020 FINRA issued Regulatory Notice 20-12 to FINRA members warning of phishing emails purporting to be from FINRA. Phishing emails may contain a source domain “@broker-finra.org” and request immediate attention to an…
by Ann March Article and interview with Brian Edelman, FCI CEO. Link to the article: Financial Planning Magazine When the financial world rapidly went virtual due to coronavirus quarantine many advisors failed to notice the security loophole…
by Davis Janowski Article and interview with Brian Edelman, FCI CEO. Link to the article: Wealthmanagement.com In the wake of the COVID-19 pandemic, advisors are working remotely, many without proper cybersecurity in place to protect…
Updated on September 8, 2021: FINRA discontinued its Preferred Pricing Program As a leading Financial Services Industry MSSP (Managed Security Service Provider), FCI is pleased to have been selected to participate in FINRA’s Preferred Pricing…
FINRA’s regulation in the Financial Industry plays a critical role by enforcing high standards and offering resources and expertise to regulatory frameworks. The Directory serves as yet another example of a trusted, convenient, one-stop source for…
Brian Edelman, Cybersecurity Expert and FCI CEO on a panel at TD LINC Conference, Orlando, Friday, Jan 31, 2019, 10:00 AM. We realize that becoming a cybersecurity expert may not be your passion. But we…
INSURETECH LEADERS’ PERSPECTIVES: SIMPLIFYING THE BUSINESS AND MEETING CLIENT BEST INTERESTS
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MSP Verify Program Provides Quality Assurance, and Stamp of Reliability for Current, Potential Customers Bloomfield, NJ, November 25, 2019 — FCI today announced that it has successfully completed the MSPAlliance’s MSP Verify Program (MSPV) certification…
Article by Brian Edelman, Cybersecurity Expert and FCI CEO. Forbes Business Council, Tuesday, November 19, 2019 Forbes Councils are based on both Industry and Location (city) so members can leverage and meet others across the…
Brian Edelman, Cybersecurity Expert and FCI CEO speaks at T3 Enterprise Conference, FortLauderdale, Tuesday, Oct 29, 2019, 1:00 PM. Join an invitation-only group of select financial services enterprises at the upcoming T3 Enterprise Conference for…
Meet with Brian Edelman, Cybersecurity Expert and FCI CEO. FPA Annual Conference Coaches Corner, Minneapolis, MN, October 15-18, 2019 The FPA Annual Conference held October 16-18, 2019 in Minneapolis, MN is one of the largest…
