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How an IT Risk Assessment Protects
LA Investment Advisors
Courtesy of FPA Technology Services, Inc.
http://www.TechGuideforLAInvestmentAdvisors.com
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
Sponsored by
http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
What is an IT Risk Assessment?
Sponsored by
http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
It is a process that:
Sponsored by
http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
• reviews the potential
cyber-threats that a
company may face
Sponsored by
http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
• weighs the likelihood
of any of them happening
Sponsored by
http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
• anticipates their potential
impact on daily operations
and stored data
Sponsored by
http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
The assessments can also
be used to accurately gauge
the financial impact related
to the risks
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http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
Close Off Security Gaps
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http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
They are a snapshot of a
company’s security layout,
Sponsored by
http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
allowing managers to quickly
see weaknesses like
applications open to
compromise and servers that
are missing important patches
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http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
Determine Security
Requirements
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http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
An assessment determines
the strengths and weaknesses
of a firm’s security setup,
given its hardware and
software configurations,
Sponsored by
http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
and can subsequently be used
to create strong network
architectures, develop security
policies, and put together
business continuity plans
Sponsored by
http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
Reduce Security Costs
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http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
It’s less expensive to fortify
defenses than it is to clean up
after a crisis
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http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
Prove Due Diligence
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http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
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
Sponsored by
http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
Justify Security Expenses
Sponsored by
http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
An IT risk assessment can
calculate the cost of improving
IT security and estimate the
benefits
Sponsored by
http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
Bottom Line
Sponsored by
http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
IT risk assessments inform
company management about
the present security landscape
of the business and the steps
needed to mitigate risk
Sponsored by
http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
Has your firm conducted a risk
assessment in the past year?
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http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
Did the results introduce
changes?
Sponsored by
http://www.TechGuideforLAInvestmentAdvisors.com
Craig PollackFounder & CEO
Let us know your thoughts
in the Comments box below
Copyright © FPA Technology Services, Inc.
Learn How to Protect Your Firm’s Technology
With the Right IT Service Provider
Download Your Free Guide
Investing in High Net Worth Clients:
The LA Investment Advisor’s Guide to Using
Technology to Manage and Grow Your Firm
Now at http://www.TechGuideforLAInvestmentAdvisors.com