Kovack Securities teams with cybersecurity specialist Entreda
Kovack Securities, an independent broker-dealer and registered investment adviser that oversees USD13.45 billion in total client assets, has selected Entreda to provide its 400 registered representatives and financial advisers with Entreda’s proprietary cyber platform, Unify.
Kovack Securities’ selection of Entreda is more evidence of Entreda’s position as the top cybersecurity provider to successful wealth management firms. The Unify platform includes continuous network and endpoint monitoring for all users; Entreda’s proprietary Cyber Risk Number, a scoring system that evaluates users’ and organisations’ cybersecurity postures; Entreda’s remediation, training and education solutions; as well as its third-party vendor diligence solutions.
Sid Yenamandra, CEO and founder of Entreda, a wholly owned subsidiary of Smarsh, says: “Though the country is emerging from the pandemic and making progress towards returning to normal, wealth management firms still need to be vigilant of cyber threats, which increased in intensity and frequency in the past year-plus as companies shifted to remote operations. Entreda’s platforms and solutions provide deep visibility on the cybersecurity posture of an organisation’s users, devices, networks and vendors. This data is necessary for organisations to confidently do business and serve clients in this uncertain environment. We are thrilled to partner with Kovack Securities with their cybersecurity compliance needs.”
Entreda’s offerings for enterprise clients in the wealth management and insurance spaces include end-point monitoring for all network computers and other devices, industry-leading auto-remediation, real-time network vulnerability scanning, cyber awareness training, anti-phishing training and cyber due-diligence of third-party vendors. According to the 2021 T3 Inside Information Advisor Software Survey, Entreda is the market leader for cybersecurity resources, with nearly a 14 per cent share.