Cybersecurity Threats to Financial Firms on the Upswing in 2014

Investment News, By Joyce Hanson

The risk of cyberattacks in the financial services industry is on the rise in 2014, and wealth management companies, broker-dealers and registered investment advisers are not exempt.

The threat is moving from large banks to midtier institutions and smaller firms as increasingly sophisticated cybercriminals and “hacktivists” pinpoint individual targets and seek easy entry points to do their damage, according to online-security experts. Read more.