Five Guidelines to Protect Your Clients from Identity Theft
Action Required: Review current firm cybersecurity protocols against the new IRS/Security Summit guidelines to ensure client data protection, especially when using third-party AI software.
The IRS and Security Summit Partners have released five updated guidelines to help financial advisors protect clients from identity theft. While not explicitly about AI, these cybersecurity best practices are critical for advisors integrating AI tools, as AI adoption increases the attack surface for data breaches and identity fraud.
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