Cybersecurity's Family Threat: Protecting Your Assets Starts at Home

Not all criminals are shady strangers lurking on the Internet. Some are much closer than you think (like family and friends), so don't let your guard down, even in your own home.

(Image credit: Ian Nolan)

Cybersecurity isn’t AN issue, it is THE issue with respect to financial institutions. Government and financial institutions worldwide are facing constant assaults from all sides that seek to steal assets from banks and securities brokerage firms. But investors can advance their own security.

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Stephen P. Harbeck, Securities Investor Protection Corporation
President and CEO (retired), Securities Investor Protection Corporation

Stephen Harbeck served as President and Chief Executive Officer of the Securities Investors Protection Corp., a nonprofit created by Congress to protect customers of failed brokerage firms, from 2003 to 2018. He guided SIPC through the insolvency of Lehman Brothers, the largest bankruptcy in history, the collapse of Bernard Madoff’s brokerage firm, the largest Ponzi Scheme in history, and other major insolvencies. Harbeck retired as President and CEO of SIPC in 2019.  Since then he has acted as a consultant to the Shanghai Financial Court, and Shanghai Jiao Tong University, and is currently a consultant to the Japan Investor Protection Fund. SIPC, as a matter of policy, disclaims responsibility for any private publication by any of its employees. The views expressed herein are those of the author and do not necessarily reflect the views of SIPC or the author's colleagues on the staff of SIPC.