Financial Services

Cybersecurity for Financial & Bookkeeping Firms

Co-managed cybersecurity designed for fiduciary responsibility and data protection, reducing fraud risk without maintaining an internal security team.

Why Financial Firms Use Co-Managed Cybersecurity

Co-managed cybersecurity is the model traditionally used by large financial institutions and regulated entities where fiduciary responsibility and data protection are critical. As financial crimes increasingly rely on credential abuse and impersonation rather than technical hacking, bookkeeping firms and advisory practices now adopt this same structure to reduce fraud risk without internal security teams.

Primary Risks

Business Email Compromise (BEC)

Attackers impersonate executives or vendors to redirect payments and steal sensitive data.

Wire & Invoice Fraud

Fraudulent payment requests that exploit trust and established business relationships.

Credential Theft

Stolen login credentials used to access financial systems and client data.

Cyber Insurance Denial

Claims denied due to insufficient access controls or monitoring documentation.

How the Model Works

IT Manages

  • Accounting platforms and systems
  • User devices and connectivity
  • Day-to-day technical support
  • Software updates and maintenance

SPM Advisors Provides

  • Identity control enforcement
  • 24/7 login monitoring
  • Abnormal financial access detection
  • Incident response readiness

Insurance & Audit Readiness

Access Control Alignment: Meets insurer expectations for identity and access management.

Compliance Support: Documentation that supports financial compliance reviews.

Claim Protection: Reduces disputes tied to "lack of monitoring" denials.

Ready to Protect Your Financial Practice?

Get enterprise-grade security oversight without building an internal security team.

Schedule a Consultation Learn More