The sexual revolution of the late ’60s and ’70s was welcomed with open arms by both young and old alike. But, as with any revolution, there are always unintended and unforeseen consequences. The modern-day internet revolution bears an odd resemblance to the “anything goes” sexual era in that its average participant practices a naïve, almost childish, use of the internet. Even the most sophisticated users (the analogy can probably end here) of the internet have failed to take useful steps to prevent widespread distribution of their clients’ data. A recent example is the infiltration and widespread dispersion of Target’s customer data through a vendor’s installation of a digital thermostat. Financial planning and wealth management firms are quickly becoming highly sought-after victims of data theft given the nature of their client base. For companies handling sensitive data, it is imperative that they retain competent information security officers to promulgate effective safety measures.
See Mark Hurley, Disco, Sex, And The Cybersecurity Nightmare, Financial Advisor, September 1, 2017.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.) for bringing this article to my attention.
