It’s time once again to catch up on my blogging backlog, sharing some substantive suggestions for my favorite peeps: the evidence-based investment advisor community. Kick back, grab a cool beverage, and read on about:
How to strengthen your online privacy (compliments of GDPR)
A Plutus Award financial publisher honor you may want to aim for, and
A handy robo-advisor resource …
Controlling Computer Clutter, GDPR-Style
As I mentioned in a previous post, I’m a big fan of the EU’s new General Data Protection Regulation (GDPR). Sure, it’s created some extra work for us business owners, but it’s also driving improved infrastructure to help everyone take better control over their online privacy. In a world in which we may feel our privacy slipping away, that’s important, and I’m happy to be a part of the cause.
Teaser: In my next blog post, I’ll be sharing a bold next step I’m taking on that front. In the meantime, here’s a tip I learned when establishing GDPR-compliant cookie consent on my own website: Thanks to GDPR, you can now more tightly control what cookies you accept from many websites around the world.
You know the classic Catch-22 pun: “Just because you’re paranoid doesn’t mean they aren’t after you.” Here are a few items I’ve been keeping a watchful eye on lately. As an evidence-based investment advisor, you may want to take a look at them too.
GDPR … It’s Growing on Me
GD-what? It’s not your fault if you’ve not even heard of the European Union’s General Data Protection Regulation (GDPR). Set to go live May 25th, it’s a big deal in Europe, but I might not have heard of it either if I didn’t have a number of colleagues and clients based there. Even then, it only dawned on me a few weeks ago that I may need to comply with portions of it too, as described in this Forbes article.
If you are not collecting, processing or storing any personal information on anyone in the EU, you can probably remain blissfully ignorant about the details. But, I wanted to bring it to your attention anyway because I’m intrigued by its parallels to our would-be fiduciary standards. Think of the GDPR as having a similar mission, but it’s meant to protect people’s personal data instead of their financial well-being.
Coming out on a Monday as it did, you may have missed this little bombshell of a Financial Advisor piece authored by “The New Retirementality” author Mitch Anthony: “Harsh Lessons in Modern Con Art.” In it, Mitch shared how he – and his mother! – were conned out of $1 million by an unscrupulous real estate wheeler-dealer.
I don’t think Mitch will mind if I share his opening and a few other key excerpts:
“As I sit down to write this article, I know it will likely be the most difficult composition of my writing career—difficult because it dredges up a miasma of regret, embarrassment, sadness and anger like nothing else I’ve experienced in life. I was conned out of almost a million dollars.”
Pirates may be jolly when they’re Johnny Depp in a costume, but the real renditions aren’t amusing at all … as the world is being reminded of recently in the form of a global Microsoft ransomware outbreak. If you’ve not yet seen the news, all you have to do is Google “ransomware attack 2017” and you’ll get caught up pretty quickly. You might want to have a paper bag handy, to breathe into.
Bottom line, to help shore up the security of your virtual ship, there’s one important step you and your clients should be taking if you’ve not yet done so: Make sure all updates and patches to your Windows operating system have been completed – like, yesterday. (As in, stop whatever else you’re doing, and do that now.)
By the way, I’ve just added a short email to the Content-Sharing Library, which you can use to reach out to your clients about this simple but important step. And, as incredibly excellent timing would have it, just last Friday, I also happened to load a quick-reference guide and a longer report on the subject of protecting against financial fraud and identity theft (U.S. and Canadian versions of the same).
If my timing were always this impeccable, I’d become an active investor! It’s not, and I won’t.
As they used to say on Hill Street Blues, let’s be careful out there.