As financial consulting moves online, cybersecurity becomes a top priority. Consultants handle sensitive client data — tax returns, investment records, ID documents — making them a prime target for cybercriminals. A single breach can erode trust, trigger legal consequences, and damage reputations.

The first line of defense is encryption. All communication platforms, data storage solutions, and financial tools should use end-to-end encryption and secure HTTPS connections. Cloud providers must be vetted for compliance with global standards like GDPR or POPIA (in South Africa).

Use multi-factor authentication (MFA) on all accounts. Even if login credentials are stolen, MFA adds a strong layer of protection against unauthorized access.

Regular software updates and patching are essential. Outdated systems are a common entry point for hackers. Consultants should also use antivirus protection, firewalls, and secure Wi-Fi — especially when working remotely.

Data minimization is another smart practice. Only collect and store what’s necessary. Less data = lower risk. Ensure that backups are encrypted and stored in secure, off-site locations.

Educating clients on cybersecurity is just as important. Train them to identify phishing emails, use strong passwords, and never share personal details via unsecured channels.

Lastly, prepare for worst-case scenarios. Having a cyber incident response plan — including legal, communication, and recovery steps — can mitigate the damage if something goes wrong.

Cybersecurity isn’t just IT’s job. In digital consulting, it’s part of the core value proposition.