Hybrid work brings cybersecurity risks for advisors – here’s how to tackle the pitfalls [Toronto Globe and Mail (Ontario, Canada)]
CDW Corporation (CDW)
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Source: Toronto Globe and Mail
Many advisors are continuing to divide their time between their homes and the office 20 months into the pandemic. But as the hybrid arrangement becomes more permanent, there are cybersecurity challenges that need to be considered and addressed, experts warn. In a recent study , the CFA Institute found four in five advisors want to work remotely at least part of the time. “In pre-COVID-19 times, there were not many organizations supporting flexibility,” says Rebecca Fender, chief of staff for research, advocacy and standards at the CFA Institute in Richmond, Va., adding that more are seeing the benefits after working remotely during the pandemic. “Now, most are saying ‘This is what we will do.’” However, hybrid work brings complexity, warns Daphne Lucas, partner in Deloitte Canada’s risk advisory practice in Calgary. “Hybrid work environments, where you have people that are working from anywhere on any device, introduces cyber[security] risks,” she says, and advisors don’t have the imm
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