At LPL Financial, security is built into everything we do, and the protection of sensitive information is critical to our company’s continued success. Cybersecurity concerns are more prevalent than ever with cybercriminals constantly evolving and using different techniques to commit financial fraud. We understand the need to educate our financial professionals about these ever-changing threats.
Cybersecurity as a business differentiator
At LPL, we take the security and privacy of our financial products seriously and embed security into the conception, design, and implementation of our platforms. LPL tools are only available to LPL clients. We build these tools with security at the forefront:
- Sensitive data is secured, masked, and encrypted where applicable to provide a secure experience.
- Design, architecture, and code reviews are performed to ensure industry best practices and adherence to LPL polices.
- Regular scanning for vulnerabilities is performed on the products, environment, and supporting infrastructure.
- Penetration testing is completed by third-party experts.
- Recurring patching and modernization are implemented regularly.
- Fraud alerts placed on user profiles if suspicious activity is identified.
Understanding the Cyber Fraud Guarantee
As cyber-threats continue to evolve and make headlines, LPL prospects, financial professionals, and clients have expressed an interest in LPL’s capabilities and position relating to potential cyber-incidents and the impact to LPL accounts.
LPL will reimburse you for 100% of realized losses in your impacted LPL accounts, which were incurred directly as a result of unauthorized access to an LPL system.
