How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

How an IT Risk Assessment Protects

LA Investment Advisors

Courtesy of FPA Technology Services, Inc.

http://www.TechGuideforLAInvestmentAdvisors.com

Sponsored by

Craig PollackFounder & CEO

Unauthorized access to

sensitive data can leave

investment advisory firms

on the hook for hundreds

of thousands of dollars in legal

fees, penalties, and lost clients

Sponsored by

What is an IT Risk Assessment?

Sponsored by

It is a process that:

Sponsored by

• reviews the potential

cyber-threats that a

company may face

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• weighs the likelihood

of any of them happening

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• anticipates their potential

impact on daily operations

and stored data

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The assessments can also

be used to accurately gauge

the financial impact related

to the risks

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Close Off Security Gaps

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They are a snapshot of a

company’s security layout,

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allowing managers to quickly

see weaknesses like

applications open to

compromise and servers that

are missing important patches

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Determine Security

Requirements

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An assessment determines

the strengths and weaknesses

of a firm’s security setup,

given its hardware and

software configurations,

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and can subsequently be used

to create strong network

architectures, develop security

policies, and put together

business continuity plans

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Reduce Security Costs

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It’s less expensive to fortify

defenses than it is to clean up

after a crisis

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Prove Due Diligence

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Regulators like the SEC want

evidence that companies have

appropriate levels of data

protection, while clients may

ask for proof that good security

practices are in place

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Justify Security Expenses

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An IT risk assessment can

calculate the cost of improving

IT security and estimate the

benefits

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Bottom Line

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IT risk assessments inform

company management about

the present security landscape

of the business and the steps

needed to mitigate risk

Sponsored by

Has your firm conducted a risk

assessment in the past year?

Sponsored by

Did the results introduce

changes?

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Let us know your thoughts

in the Comments box below

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With the Right IT Service Provider

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How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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