We live in a time of increased cyber fraud, with threats becoming more frequent and more sophisticated. To stay ahead of the threats and protect our clients, we determined that a systematic approach with the appropriate precautionary measures must be in place to manage the risks and create a risk-aware culture.
With this process in effect, we can be vigilant in our efforts to keep our clients’ information safe. To discuss more about this ongoing effort, Chief Operations Officer Jennifer Ceccarelli is interviewed in the video below, where she also explains how we have partnered with an experienced third-party technology-service provider to manage our full information technology program and oversee the protection of our systems.
Research has shown that the best defense against cyber risks are people. Therefore, we keep our team educated on the risks and safeguards, so they can help our clients. In that regard, our client team may take additional steps to help keep you and your information safe, like calling you to verbally verify an instruction. We hope you will forgive us for these types of interruptions, knowing that they are in the interest of your safety and financial well-being.
Please reach out to your Litman Gregory Advisor if you have any questions about cyber security or the steps that we’re taking to protect your information.
Managing Risks as Uncertainty Continues
There is wide range of potential outcomes for global economies and markets, but we’ve seen recession risks rise recently. We are making incremental adjustments to our clients’ portfolios, such as adding more to “safe haven” bonds like Treasuries.
Capital One Data Breach and Cybersecurity
While the Capital One data breach is not the first of its kind, it is noteworthy in its scale: nearly 106 million of the bank’s customer and applicant accounts were affected. These occurrences remind us of the importance of taking proactive steps to safeguard our personal and financial information. In this post, we outline actions to consider taking to protect your personal data and accounts.
Investment Key Takeaways—Second Quarter 2019
After global stock markets got a jump start on the year thanks to progress in U.S.-China trade negotiations and a newly “patient” Fed, an abrupt breakdown in the trade talks spurred a sharp market sell-off in May. But stock markets rebounded in June with expectations of Fed rate cuts later in the year and (tentative) signs of re-engagement on the U.S.-China trade front.