The weaknesses, called Spectre and Meltdown, allow hackers to use “rogue applications” to read confidential information that is stored in the memory of other applications, Kamino (a subsidiary of Midwinter) said in a statement.
“The vulnerabilities, when exploited, could lead to exposure of sensitive information such as passwords and confidential data on the affected computers,” the statement said.
“Financial planning and accounting industries will be highly vulnerable to this attack.”
The Meltdown vulnerability is the easier of the two to exploit, the statement said, but this affects only Intel computer processors and patches to protect against the vulnerability are available.
Spectre affects all computers, and patches to guard against attacks are still being developed, the statement said, however it is much harder for hackers to exploit than Meltdown.
Kamino cautioned that while these vulnerabilities do not present an “immediate danger”, advisers should make use of available patches for their computer systems as soon as possible, and that those using cloud-based shared infrastructure will need to confirm with their cloud provider that those same patches have been applied as necessary.
sorry but you left out the other, you should also need, in addition to a degree in financial planning one in :
psychology
I suggest a Bachelor of IT should be a minimum to work as a financial planner.
But it must have been completed in the last 5 years.
If you did it more than 5 years ago and have stayed up to date through technical conferences, industry journals, short specialist courses, and presentations by IT product vendors, then bad luck. Back to university you go. That will be another $25K please.
IT training is actually quite analogous to financial planning. There is constant change within the IT industry, and no-one expects there to be significant overlap between the specific content you have learned in a degree, and what might actually be relevant in your job 5,10,20 years later. But no-one expects IT people to go back and do another degree every 5 years.
Degree training equips IT people not just with specific content knowledge, but also with the an understanding of the basic principles, and an ability to learn and apply new content matter as it arises. IT graduates are constantly updating their knowledge through short courses, seminars, and specific certifications, just as degree trained financial planners do. Requiring degree trained financial planners to go back to uni because their original degree is “out of date” or “not relevant” is just a money grabbing rort.
For financial planners who already have a degree in any discipline, FASEA should be putting more emphasis on measuring the relevance and currency of short courses and CPD completed by those planners.
that’s a great analogy and 100% hit the nail on the head. Hope you don’t mind me borrowing it in my letter to my local MP. Just common sense what you said….No one would expect the IT graduate to get a new degree every 5 years… unless of course the majority of people deciding the definition of a degree are University staff members.