Digital information has become both an important and pervasive part of peoples everyday life. Most people now have email, social networking, and online banking accounts. People often have to use numerous passwords when managing all these different accounts. Cybersecurity is a very important issue that financial advisers need to be aware of. As more of the public’s personal financial information becomes digitized people will be more vulnerable to hackers and other cyber-criminals that work constantly to stay ahead of law enforcement. This column discusses a number of steps that clients can take to manage their digital accounts more efficiently. People that fail to prepare could be making themselves vulnerable to hackers and other cyber-criminals. It is important for people to take the steps needed to secure and protect their digital estates.
See Joshua S. Miller, The Digital Estate, Private Wealth, November 10, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
