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How an IT Risk Assessment Protects LA Investment Advisors Courtesy of FPA Technology Services, Inc. http:// www.TechGuideforLAInvestmentAdvisors.com

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

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Page 1: 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

Page 2: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

Sponsored by

http://www.TechGuideforLAInvestmentAdvisors.com

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

Page 3: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

Sponsored by

http://www.TechGuideforLAInvestmentAdvisors.com

Craig PollackFounder & CEO

What is an IT Risk Assessment?

Page 4: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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http://www.TechGuideforLAInvestmentAdvisors.com

Craig PollackFounder & CEO

It is a process that:

Page 5: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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http://www.TechGuideforLAInvestmentAdvisors.com

Craig PollackFounder & CEO

• reviews the potential

cyber-threats that a

company may face

Page 6: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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Craig PollackFounder & CEO

• weighs the likelihood

of any of them happening

Page 7: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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• anticipates their potential

impact on daily operations

and stored data

Page 8: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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Craig PollackFounder & CEO

The assessments can also

be used to accurately gauge

the financial impact related

to the risks

Page 9: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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Close Off Security Gaps

Page 10: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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They are a snapshot of a

company’s security layout,

Page 11: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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allowing managers to quickly

see weaknesses like

applications open to

compromise and servers that

are missing important patches

Page 12: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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Determine Security

Requirements

Page 13: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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An assessment determines

the strengths and weaknesses

of a firm’s security setup,

given its hardware and

software configurations,

Page 14: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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Craig PollackFounder & CEO

and can subsequently be used

to create strong network

architectures, develop security

policies, and put together

business continuity plans

Page 15: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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Reduce Security Costs

Page 16: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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It’s less expensive to fortify

defenses than it is to clean up

after a crisis

Page 17: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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Prove Due Diligence

Page 18: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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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

Page 19: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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Justify Security Expenses

Page 20: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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An IT risk assessment can

calculate the cost of improving

IT security and estimate the

benefits

Page 21: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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Craig PollackFounder & CEO

Bottom Line

Page 22: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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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

Page 23: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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Has your firm conducted a risk

assessment in the past year?

Page 24: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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Did the results introduce

changes?

Page 25: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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Craig PollackFounder & CEO

Let us know your thoughts

in the Comments box below

Page 26: How an IT Risk Assessment Protects LA Investment Advisors (SlideShare)

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