Advisor Group, one of the nation’s largest networks of independent wealth management firms, has introduced its CyberGuard Program, a cybersecurity services and support platform for its 7,000 advisors and their clients to protect against cyber-attacks.
Advisor Group’s network includes FSC Securities Corporation, Royal Alliance Associates, SagePoint Financial, and Woodbury Financial.
“Our new CyberGuard program leverages our scale to offer a suite of state-of-the-art cybersecurity tools that enable advisors to ensure that clients’ sensitive personal data is kept safe and secure,” said Jamie Price, president and CEO of Advisor Group.
The CyberGuard program includes:
Cybersecurity insurance, including privacy / data breach insurance protection and coverage for breach response costs, regulatory liability and business disruption
Discounted access to a cloud-based data backup solution that gives advisors encrypted access to files from laptops, smartphones and other devices
Access to a security auditing and monitoring platform that monitors advisors’ systems to identify potential security gaps, while providing login enforcement, login reporting and remediation support
Email and file storage capabilities with strong authentication and security monitoring features
Advisor Group said that program will evolve over time. For example, the company plans to add a capability in the coming months that will scour the dark web for stolen advisor login credentials, protect against email phishing and assess the potential cyber risk of third-party providers.
The company said that the new program also provides advisors with access to a group of cybersecurity experts that can answer advisors’ questions, provide consultative services, and support them in addressing cyber-related issues.
Advisor Group is one of the nation’s largest networks of independent financial advisors that serve more than 7,000 advisors and oversee $268 billion in client assets.