From time to time, I like to provide a behind-the-scenes update from Provident. The focus this time will be on the steps we take to keep your data and money safe from theft.
Cybersecurity is constantly on our minds. About two years ago, we enlisted Schwab’s help to assess our cybersecurity arrangements and identify opportunities for improvement. This was not in response to any known shortcomings and wasn’t intended to diminish the role of our technology vendor. Rather, it was meant to be a second source, particularly since the Schwab consultant is an expert in our industry and understands the regulatory structure we work under. This is an ongoing process as indicated by my last request of the consultant - to schedule an annual progress update, a process we will continue.
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