Dear Readers, A recent software update at CrowdStrike, a leading global cybersecurity firm, has caused widespread disruptions affecting various industries such as airlines, banks, media outlets, technology companies, telecom firms, and other businesses worldwide. While neither Million Wealth Management nor Osaic Wealth directly use CrowdStrike, many of our vendors and partners do. As a result, you might notice some indirect impact from this issue. Our home office may also experience difficulties if they rely on these affected platforms and systems to support you. Impacted Platforms and Systems: Smarsh/Intermedia: Some users with email hosted by Smarsh/Intermedia may be unable to access their email. Additionally, our home office is experiencing issues resetting email passwords. Pershing: While there are no identified issues with trading or asset movement capabilities and all front-end platforms (NetX360+ and NetX Investor) remain available, there may be isolated delays specific to reporting. We will keep you informed as the situation evolves. Please check this page regularly for updates. The Growing Threat of Cybercrime Cybercrime is projected to cause $10.5 trillion in annual damage by 2025, resulting in lost data, business disruptions, losses from system downtime, and notification costs, among other issues. When you entrust our firm with your financial future, you also entrust us with your sensitive personal information—a responsibility we take very seriously. Our Commitment to Cybersecurity Combating these threats requires thoughtful, informed action, including: Understanding the risks and knowing how to minimize them. Having a continuous and effective process to ensure security. Uncovering vulnerabilities and taking prompt and decisive action. We have several safeguards in place to protect against cybersecurity threats. Through our back-office wealth management firm (Osaic), we leverage the CyberGuard Program, an industry-leading cybersecurity platform. A key component of CyberGuard is an automated security auditing tool that continually assesses the technical controls on our firm’s equipment. In addition, we regularly monitor the details of our cybersecurity program to ensure consistency and thoroughness. Protecting Your Information Our CyberGuard document outlines the preventative measures we implement to protect your information from cybercrime because protecting your information is our priority. We remain vigilant in providing you the level of service—and security—you deserve. Should you have any additional questions or concerns, please reach out to us by phone at 405-310-1320 or via email. Thank you, as always, for the trust you place in us. Rest assured, we work hard every day to remain worthy of it. Happy planning everyone! Amy |
Cyber Security is at the Forefront of Our Business
