Data breach, unauthorized access, a hack. As of late, these words have constantly been in the headlines of news outlets. What do they actually mean for you and your firm? How are your clients impacted? Are there steps that you can take to protect your firm? Here, we will dive into these important questions to provide you with valuable insight to gain a better understanding of the threats your firm is facing and how to prevent them.

Before we begin, we need to define two key terms: hacking and cyberattack. Hacking is the method by which one bypasses or modifies the normal operation of a system through either exploits or vulnerabilities. There are good hackers (white hat hackers), and bad hackers (black hat hackers). A cyberattack is an attack that is primarily carried out through the internet to disrupt, destroy or steal data, or take control of a computer.

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