PROVIDENCE – A division of Fidelity Investments Inc. recently debuted a new cybersecurity offering for its wealth management business clients, according to a news release.
Access to the third-party cybersecurity features by Armorblox protects advisers and clients from fraud and hacking in their email accounts. The California-based company uses algorithms, machine learning and artificial intelligence to detect problematic risk behavior and prevent email threats.
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Email compromise, including messages and accounts, was the top cybercrime reported to the FBI in 2020 in terms of financial loss, costing the industry about $2.1 million.
Nancy Lavin is a PBN staff writer. Contact her at Lavin@PBN.com.
