With all the online gift buying going on at this time of year, you’ve probably read a lot about protecting your credit cards, PINs and other personal information so that you don’t become a victim to hackers and other cyber criminals.
Investment Business Concerned
What you may not have read a lot about is cybercrime aimed at financial advisors or anything having to do with investments. Investment accounts, of course, are where wealth is parked, so it makes sense for crooks to go after it. After all, as the notorious Willie Sutton responded when asked why he robbed banks, “that’s where the money is.”
I attended the recent annual conference for financial advisors that do business with Charles Schwab & Co., and it was clear that one of the most talked-about issues was cyber security.