Red Flags: Recognize and eliminate the risks in your RIA firm's Disaster Recovery, IT Compliance, and Cyber Security processes to safeguard your reputation and client trust.
Richard Mabbun, Julian Makas
Written for the owners and officers of any Registered Investment Advisory firm, this book seeks to provide the answers you need to safeguard your firm’s reputation and maintain your clients’ trust. With over 35 combined years of reviewing and protecting RIA firms, we understand the unique cyber security threats, compliance regulations, and resource constraints facing RIA firms, which compelled us to share our knowledge. In this book you will find the most common “Red Flags” that we’ve discovered assessing RIA firms’ technology and infrastructure. These “Red Flags” fall into 4 categories which pose the largest technology risks to your RIA firm. * Backups: Securing and storing copies of your data * Disaster Recovery: Recovering data and getting back up and running after a disaster * IT Compliance: Implementing and enforcing controls to comply with industry regulations * Cyber Security: Eliminating risk to protect sensitive financial data from cyber attacks Our hope is that by reading this book, you’ll become better educated on the technology risks threatening your firm so you can proactively take action to protect your firm’s valuable internal and client related data, meet all regulatory compliance standards, and sleep better at night. Richard Mabbun is CEO and co-founder of ITEGRIA, a firm which offers technology and security support services exclusively to RIA firms. He has over two decades of experience in deploying technology to address compliance issues affecting the financial services market in general and independent investment advisors specifically. Richard is a frequent invited speaker on the subject of technology efficiencies, challenges, and risks to RIA offices. Julian Makas is COO and co-founder of ITEGRIA. He is an enthusiastic leader and manager who has worked the entire spectrum of information technology helping corporations and SMBs attain their goals of implementing secure technologies and systems. With over 18 years of in-depth information systems exposure, Julian frequently speaks on topics such as cyber-security and his firsthand experience on how drastically the evolution of technology has affected the world around us. Both Richard and Julian share a passion for leveling the playing field and providing technology solutions, management and expertise for small and mid-sized investment advisory firms.