Shalom Carmel, CIO @ GlobalDots
05.04.2022
image 2 Min read

Aware of the potential threats, financial advisers are increasingly utilizing security awareness training for employees, as well as better technological controls, to protect their data.

Indeed, security awareness training ramped up in recent years among FSIs large and small, as a means to prevent cyber-intrusion — particularly as many struggle with infrequent customers access and hold very critical financial data. We believe the paramount risk factor is that financial advisers are also often given access to an FSI’s overall backend financial systems.

Shalom Carmel, GlobalDots’ chief information officer, explained to SC Magazine:

“The biggest risks financial advisers have is the exposure of customer data and of customer access credentials to third parties. The fact is that computing devices belonging to financial advisers are at least as likely to be attacked and compromised as devices belonging to other professionals.”

To this end, Carmel recommended that financial advisers large and small should “encrypt the customer data at rest, use secure channels of communications, use strong authentication methods, have malware detection measures, and separate work environments from home usage,” especially recently with so many more employees working from home.

Carmel recommends that financial advisers have a “dedicated work computer,” to which no one else in their family has access, an encrypted hard disk, a commercial antivirus protection system, strong password and secondary authentications, and the use of a VPN. “Having said that, the most important effect will be by regulation,” says Carmel. “Until the regulatory bodies catch up with the 21st century, too many independent financial advisers will continue to ignore the most basic security measures.”

Real the full entry on SC Magazine

Learn More

An expert’s analysis of the future of cybersecurity
Your Innovation Feed
Dr. Eduardo Rocha, Senior Solutions Engineer & Security Analyst @ GlobalDots 22.06.22

We Live to Build Podcast episode #102 features Dr. Eduardo Rocha, Senior Solutions Engineer & Security Analyst at GlobalDots, discussing DDos Attacks, SQL injections, False Positives, False Negatives, Zero-Day exploits, Scraping, Biometric Authentication, and much more. Watch the full interview: Or listen on Google, Apple or ivoox.

Read more
slider item
Your Innovation Feed
Admin Globaldots 19.05.21

The tech sector has greatly benefitted from the Pandemic, attracting capital investments away from traditional industries which crashed due to the new restrictions. Many of the companies to receive these investments develop B2B technology solutions, from remote collaboration to cloud security. This new, booming variety of solutions, backed by massive marketing campaigns, makes it ever […]

Read more
A Real-Life Guide to a Successful Cloud Strategy
Your Innovation Feed
Nesh (Steven Puddephatt), Senior Solutions Engineer @ GlobalDots 04.01.23

Welcome to the Cloud Strategy Guide by GlobalDots, the ultimate practical guide for Cloud adoption and Cloud computing future. Our guide is designed to help you plan your Cloud roadmap, implement best practices for Cloud security, and execute effective Cloud migration strategies, including lift and shift migration strategy, cloud migration patterns, and migration hub strategy […]

Read more
Unlock Your Cloud Potential
Schedule a call with our experts. Discover new technology and get recommendations to improve your performance.
Book a Demo