Cybersecurity is the single largest risk facing organizations of all sizes in the financial services industry. Small and midsized firms are especially vulnerable because they are often unequipped to manage the full spectrum of potential security threats across devices, networks, users and vendors. In a business where confidential financial information is being shared and processed, it is paramount to have sufficient safeguards in place to ensure the protection of investor data.

Large financial firms typically have more sophisticated IT departments and technical resources to administer a suite of hardware, software, and policy-based protections. Meanwhile, small and midsized organizations are challenged by the unapproachable economics of piecing together the long list of security solutions needed to achieve industry best practices. Or, they simply don’t implement enough protections, leaving investor and business information at risk.

This can get really complicated for small firms and their limited (or nonexistent) IT teams that don’t have a central way to monitor cyber risk. Their employees may use personal devices that aren’t secure for business or store sensitive files on a hard drive without proper backup or encryption, for example.

The Unify platform is easy for organizations to deploy and provides IT and compliance professionals a unified dashboard view across multiple threat vectors. Designed to address the National Institute of Standards and Technology (NIST) Cybersecurity Framework followed by FINRA and the SEC, the suite has compliance features and reporting that financial services organizations need to fully satisfy their regulatory and security requirements.