Cordium, a provider of compliance consulting, accounting, tax and software to the financial services industry, has launched a cybersecurity training video designed to help firms protect themselves against breaches.

Cordium says that major cybersecurity violations are frequently making headlines across the globe and as a result data protection is high on regulators’ agendas. Despite the news focusing on large organisations, over 60 per cent of all cyber-breaches happen to small companies. Cordium believes that its new training video provides firms and their employees with all the information and best practice advice they need to ensure their data and network are well protected.

Centered on a video, the course reviews how to identify potential red flags, examples of phishing and other cyber-scams, and will teach specific tips on how to safeguard data. It also outlines what responsibilities employees have regarding suspicious network activity and possible breaches. The video can be tailored to each company, enabling firms to highlight their specific cybersecurity policies and procedures.

Patrick Shea (pictured), Managing Director and Partner at Cordium, says: “Given the increase in high-profile cybersecurity attacks and the fact that even the smallest financial firms are home to incredibly sensitive personal and financial data, it’s no surprise that regulators are taking a keen interest – it is a major concern for investors too. Businesses need to act now to get their procedures up to scratch and – critically – educate staff. The biggest risk area for firms is actually internal: employee behaviour, intentional or not, is responsible for 40 per cent of all informational leakage.”