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Wealth Accounts at Increasing Risk of Scams and Cyber Takeovers

  • Presented by :
  • Tracy (Kitten) Goldberg
  • Greg O'Gara
  • Research Topic(s):
  • Digital Wealth
  • Fraud & Security
  • Cybersecurity
  • Paid Content

The prevalence of scams is a global problem. Cybercriminals hide behind international borders, making it difficult for law enforcement to assert jurisdiction. Scams are hard for financial institutions to detect because scam victims are usually complicit, albeit unwittingly. Wealth management firms must deal with this reality, as their clients are often affected by the most devastating and nefarious types of scams—scams that are long-running and result in the perpetual draining of investment accounts linked to retirement, inheritance, and trust accounts. 

Join Tracy Kitten and Greg O’Gara as they discuss how scams and cyber takeovers are targeting wealth accounts, and steps financial advisors must take to ensure wealth clients and accounts are protected.

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