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RightSize Solutions Announces Industry-Leading Two-Factor Authentication at T3 Conference
Other New Integrations Help Advisors Remain Nimble and Stay Ahead of Security Regulations
OVERLAND PARK, KANSAS – Feb. 13, 2015 — /BackupReview.info/ — RightSize Solutions, an intelligent cloud technology firm providing business and technology management to financial advisors, today at the “T3 Technology Tools for Today” conference announced three important new solutions for financial advisors seeking greater efficiencies and stronger data security:
ENHANCED TWO-FACTOR AUTHENTICATION PROTECTS ADVISORS
“Our two-factor authentication helps advisors ensure compliance and security. This is one more step in our continuing innovations to stay ahead of the security risks,” said Wes Stillman, founder and CEO of RightSize Solutions. “It’s important for advisors to understand that the weakest links in cyberattacks are most often with end users and end devices, making formal processes, procedures and tools like this necessary to safeguard important data.”
Zohar Swaine of Mink Hollow Advisors, a wealth management corporate strategy firm, agrees with Stillman, saying, “In our industry, where maintaining client trust is paramount, it is incumbent that financial advisors consider a layered approach to data security. Financial advisors would be wise to contemplate multifactor authentication and how it can increase the level of protection against breaches. A good multifactor authentication solution, such as the newly enhanced system offered by RightSize, could be a lifesaver for many financial advisory firms.”
While some large custodians have been giving out key fobs as a way to achieve two-factor authentication, RightSize has designed an even more efficient technology. “Key fobs work, but they can be costly and a logistical problem for end-users and administrators,” Stillman said. “And they lack the ability to keep up with today’s needs. Our goal was to make the process easy to implement, with minimal cost and convenient for advisors to use.”
The RightSize two-factor authentication technology utilizes a device advisors already have in their possession – a cell phone with a mobile app or text messaging – eliminating the hassle of extra hardware. By incorporating Microsoft Azure to deliver authentication messages, verification can be set up and delivered to a mobile device or phone — with an option to authenticate utilizing a voice response system. Additional customization can prevente employees from logging in unless they are at their office computer.
THIRD-PARTY BACKUP GIVES UNFETTERED ACCESS
“Advisors understand about the need for contingency plans,” explained Stillman. “It’s very unlikely that any of our clients will ever need to retrieve their data from IBackup. However, it’s an added security measure. Many advisors will sleep better at night knowing that they have direct access to their data, even if something were to happen to RightSize. I haven’t heard of anyone else in the industry doing something like this.”
“We’re teaming up with RightSize Solutions because we know that data protection is a big part of a business’ security needs,” said Shane Bingham, Business Development Manager at IBackup. “Our core focus is on providing the technical infrastructure and robust backup features, while RightSize brings years of experience and first-hand knowledge in managing the unique needs of financial advisors. Working together to protect business just makes sense.”
ARCHIVING SOLUTION REDUCES COMPLIANCE ISSUES
“We’ve amplified our email archive with 100% data capture, indexing and fidelity of all a firm’s email messages and attachments,” said Stillman. “With the enhancements to audit reporting and the addition of the social media archiving solution, advisors can meet the regulatory compliance mandates from the SEC and FINRA.”
RIGHTSIZE FOUNDER TO SPEAK AT T3, DEMO AT BOOTH
About RightSize Solutions, Inc.
Source: RightSize Solutions, Inc.
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