Adoption of the Intrusion Detection and Prevention System (IDPS) by Advisor Products had been requested by a large financial institution seeking to use AdvisorVault, a secure system that allows financial advisors to share documents with clients and allied professionals and that is integrated with several portfolio management software applications.
Hackers and malicious activities by rogue employees of tech vendors and advisory firms pose a growing risk, as more advisors are utilizing Web-based applications to communicate personal financial information to clients and improve efficiency.
Advisory firms are not only under pressure from cybercrime and insider abuse, but also face increasing compliance demands, as state and federal regulators tighten rules protecting client privacy and on establishing effective and measurable security.
The intrusion detection and prevention system implemented by Advisor Products adds a new layer to the company’s already elaborate security systems. The IDPS service monitors all Advisor Products servers 24/7 to identify malicious activity, log information about suspicious activity, attempt to block these activities, and automatically report them to technicians and engineers on the Advisor Products team. Some of the features include:
- Enterprise Grade Firewall. A sophisticated enterprise-grade firewall managed by certified security experts.
- Best In Class Intrusion Prevention. The system is carefully maintained and managed by a world leader in vulnerability and intrusion protection research and used by many of the world’s largest enterprise.
- Best Practices Management. Change management, incident management and all aspects of the service are monitored for compliance with times-tested management practices.
- 7x24 Incident Response. The service provider’s engineers monitor and respond to critical security events 7x24, 365 days per year and report critical issues to the Advisor Products tech team immediately.