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There are many reasons why Lighthouse is laser-focused on regulatory compliance and data security for our financial management clients. The cost of data breaches extends way beyond dollars and cents. Security breakdowns undermine corporate reputation and customer trust.
How big a deal is it? Well, reportedly, J.P. Morgan, Bank of America, Citibank, and Wells Fargo alone were spending upwards of $1.5 billion a year to battle cybercrime. It’s virtually impossible to gauge the dollar value of loss of trust. That’s why, no matter the size or visibility of your business, a proactive approach to security is mission critical.
The first step Lighthouse recommends for our clients who are hedge funds, private equity, private wealth management and alternative asset management firms is a complete assessment of their current IT environment. This will tell us not only where your firm’s vulnerabilities lie, but the assessment will also help Lighthouse help you ensure compliance with FINRA, the SEC, and other regulators.
Cybersecurity and compliance tools represent a layer that can and should be added to all of your technology systems. Our work over the past 30 years with financial firms like yours means we not only know where to look, we know which active-defense software systems are best for ensuring your systems and data are protected proactively.
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