Redtail CRM Data Breach May Have Exposed FA Client Info

guest · May 23, 2019

Redtail CRM Data Breach May Have Exposed FA Client Info
May 23, 2019
http://financialadvisoriq.com/c/2301293/278473/redtail_data_breach_have_exposed_client_info

Some financial advisors using Redtail Technology’s client relationship management software may have had their clients’ personal data exposed on the internet, according to news reports.
The data included clients’ names, physical addresses, dates of birth and Social Security numbers, the publication writes.

Redtail CEO Brian McLaughlin claims in an emailed statement that less than 1% of the company’s clients “were affected by this data exposure,” according to InvestmentNews. But Redtail’s CRM is also one of the most popular among financial advisors and has a 57% market share, according to a recent survey by Technology Tools for Today cited by the publication.
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