SUCCESS STEP SEVEN – Set the benchmark for data security
How would your firm manage a security breach? For many financial advisers, even the thought is enough to send a shiver down their spine. Just think of the repercussions. A serious breach could have a devastating effect on the financial sustainability of the business, your clients, your suppliers and you, as the financial adviser representing your firm.

The fact is, we’re all increasingly dependent on technology and with more information living on digital devices or in the cloud, data security is paramount. It’s well understood within the advice industry that the combination of personal information held by firms and access to funds and financial products puts us at high risk of more significant security breaches.

That’s why it’s crucial your digital advice partner puts security at the heart of their offering, which is exactly what Ignition Wealth has done. In fact, we’ve set the high benchmark for security in the industry. That includes:

1. International standard security

We have implemented an Information Security Management System (ISMS) across our entire business, which is certified to conform to the internationally-recognised ISO/IEC 27001 standard.

2. Security assured on both your side and ours

It’s one thing to know that your own system is secure – but what about your advice partner’s?

Our information and security management practices don’t just meet the Standard, they’re supported by ongoing training, auditing, monitoring and annual certification by an independent third party authority. So, you can be confident that any information we receive from your clients will remain secure.

3. Compliant with major local and international privacy and cyber security laws

Through our Risk Management System, all our advice, service and support activities comply with key national and international regulatory legislation. We also monitor and update our solutions in line with regulatory changes, for example Centrelink rate changes and government-mandated thresholds.

Our holistic approach puts security at the centre of our digital solution.

4. Taking proactive steps to prevent cyber attack

We plan and practice business continuity in various scenarios, including hacking, cyber-attack and associated fraud, to keep the risk to both us and our clients at bay.

Managing security risks on behalf of your firm and your clients is everybody’s concern. The sooner you give it the attention it deserves, the sooner you’re on the way to better management, client service … and a better night’s sleep.

Providing top notch security for our clients and yours is a core commitment from the Ignition Wealth Board. To learn more, you can contact us at solutions@ignitionwealth.com or on 1300 656 924.

Please note: ISO/IEC 27001 certification pending.