In today’s tech-savvy world, it is important to be aware of cybersecurity protections and protocols throughout your online presence and accounts. Recently, our dedicated security team at LPL Financial explained what to be aware of when it comes to cybersecurity and the various safeguards we have in place to protect you.
Your funds are safe with us.
On the topic of cybersecurity, many ask the question, “Are my funds safe during a cyberattack?”. The answer is, yes. Typically, cyber criminals are not looking to steal money, but instead collect data. This data is then used for more harmful things down the road. Thankfully, LPL Financial has not had any recent cyberattacks. We have the right protections in place to ensure that the right people have the right access to the right accounts.
Cyber Fraud Guarantee
LPL also has an extensive data loss prevention program that keeps both the advisor and clients’ information safe. Because we are so confident in our cybersecurity measures, LPL offers a cyber fraud guarantee that will reimburse 100% of realized losses on accounts affiliated with LPL Financial which were incurred directly due to unauthorized account access. LPL Financial has also implemented increased fraud controls through heightened monitoring, validation, and behind-the-scenes controls.
It is more important than ever to understand cybersecurity protections and it is our commitment to keep accounts safe and secure. For more information on cybersecurity, fraud protections, and the rise of AI scams, please join us for our webinar on August 22nd at 12:00pmwith special guests from LPL Financials' Securities team! Be on the lookout for an official invite that will be sent via email soon. In the meantime, if you have any questions, please contact Lauren at lauren@harvestpointwm.com.
Source: LPL Financial
This information is not intended to be a substitute for specific, individualized tax or legal advice. Neither LPL Financial, nor its registered representatives, offer tax or legal advice. We recommend that you discuss your specific situation with a qualified tax or legal advisor. Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.