Finance Specialist: How brokers should respond to a cyber breach

In the latest episode of Finance Specialist, hosts Liam Garman and Trent Carter examine how brokers should prepare for and respond to a cyber attack, as data breaches become an increasing risk for SMEs in financial services. The discussion focuses on practical steps brokerages should have in place before an incident, including documented response plans, tested backups, and multi-factor authentication, before outlining what to do in the critical first 24–48 hours following a breach. Garman and Carter also explore communication strategies with clients and regulators, the role of cyber insurance, and the importance of conducting a thorough post-incident review to prevent repeat attacks.