ProEquities, an independent financial advisory and broker-dealer firm, has launched a cybersecurity solutions platform.
The new platform has been developed in close collaboration with Entreda, a cybersecurity risk mitigation and compliance software firm.
It features cyber protection for the ProEquities financial advisors, including on their mobile devices, to enhance the security of their client data. Other features include protection against phishing attacks, the delivery of personalised training to advisors based on their individual computing habits, and a comprehensive reporting suite.
Chris Flint, president and CEO of ProEquities, said, “Financial advice firms and their advisors are operating in an era of escalating cybersecurity risk and are increasingly targeted by hackers who are both sophisticated and focused. Unfortunately, much of our industry continues to rely on siloed cybersecurity systems, cobbled together across multiple service providers, that offer patchwork solutions to strategic challenges.”
Entreda’s cybersecurity platform addresses several critical areas including systems and software safeguards, physical device protection, customised advisor training and bank-end reporting.
The platform requires and ensures that effective and current versions of critical safeguards are in place, including anti-virus and anti-malware protection, firewalls and operating system updates. It also ensures that encryption, passcodes, auto-locks and screen locks are operating to provide added layers of security against physical intrusion.
In addition to its training component, the platform also allows for home office monitoring of deficiencies in real time, with the added benefit of being able to push out immediate remediation where necessary.
ProEquities is a subsidiary of Protective Life Corporation which provides financial services through the production, distribution, and administration of insurance and investment products throughout the U.S.
Founded in 2011, Entreda’s software platform, Unify, helps regulated industries protect client information and assets with the ‘highest standards of security’. Unify’s cybersecurity policy enforcement software analyses and monitors the servers, computers and tablets firms use in their business in order to verify enforcement of security best practices. Includes compliance with a comprehensive checklist that conforms to regulatory guidelines, allowing firms to automate much of the effort necessary to achieve technology compliance.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
