The first installment of the Equita Inspiring Insights Webinar Series discussed Cyber Crime and Fraud and steps to protect clients and firms.
Chad Ramburg, President of Box Professional Insurance, addressed the latest social engineering scams and how advisors can utilize risk management best practices. With cybercrime up more than 600% since the onset of Covid, Warren Buffett describes it as “the number one” threat to mankind.
Cyber risks now threaten every client’s financial assets, access to credit and healthcare, and the ability to earn a living and even physical safety and will soon be a $10.5T global business, currently represents the greatest transfer of wealth in history and is more profitable than the sale of all illegal drugs worldwide. Advisors must be aware of how to manage these risks.
- What are phishing scams and how they can affect your firm
- Ways to spot scams before they go too far
- Best practices for managing these risks
- How cyber responsibility strengthens client relationships