Balancing Cybersecurity And Client Experience For High-Net-Worth Clients
HelpNet Security, Monday, June 9th, 2025
In this Help Net Security interview, Renana Friedlich-Barsky, EVP and CISO at LPL Financial, discusses how threat actors are targeting high-net-worth clients and exploiting digital touchpoints in wealth management.
She explains why firms must embed security from the start to protect sensitive assets and ensure seamless, secure client experiences.
How are threat actors evolving their tactics to target high-net-worth clients or exploit digital touchpoints in wealth management platforms?
Threat actors are becoming more targeted and sophisticated in their attempts to exploit wealth management platforms. High-net-worth clients are especially attractive targets due to the value of their assets and personal information. Criminals often use tactics like fake emails, phone calls, or text to trick clients or advisors into giving up sensitive data or approving fraudulent transactions.