Advisors haven't been a prime target for cyberattacks yet: 657 breaches exposing more than 28.6 million records have occurred this year, according to data from the Identity Theft Resource Center. Just 44% of financial advisors claim to understand cyber security issues and risks, despite 8 in 10 identifying the area as high priority, according to a report from the Financial Planning Association's FPA Research and Practice Institute. The survey also found that only 36% of respondents said they have been trained on how to protect their personal information online, while just 17% had taken any cybersecurity training at all. There have been 657 cyber security breaches so far in 2016, which have resulted in over 28.6 million financial records being exposed.
Just 44% of financial advisors claim to understand cyber security issues and risks, despite 8 in 10 identifying the area as high priority, according to a report from the Financial Planning Association's FPA Research and Practice Institute. The survey also found that only 36% of respondents said they have been trained on how to protect their personal information online, while just 17% had taken any cybersecurity training at all. There have been 657 cyber security breaches so far in 2016, which have resulted in over 28.6 million financial records being exposed.