Michael Brice, Founder and President of BW Cyber, was featured in ThinkAdvisor’s article “How RIAs Can Prepare for AI Cyber Crime.” Michael discusses the AI risks wealth management firms should prepare for in 2027, from deepfakes and caller ID spoofing to employees using unapproved AI tools. He also shares a quick checklist RIAs can use to assess their AI cyber risk and explains why he expects the SEC to make an example of a firm early next year.
“AI-driven wire fraud is going to be exponentially improved by financial criminals.” — Michael Brice
Michael Brice, Founder and President of BW Cyber, was featured in InvestmentNews’ article “AI governance gaps leave RIAs exposed to a new wave of cyber threats.” Michael discusses why the gap between AI adoption and AI governance is now the biggest risk facing RIAs, from shadow AI to a new threat he calls the “firm-wide AI Compromise Attack.”
“The absence of AI-specific rules does not eliminate a firm’s existing responsibility to protect sensitive information and maintain resilient operations.” — Michael Brice
During World Investor Week, the SEC and five partner regulators warned that AI is making impersonation scams harder to spot. In our latest blog, we break down what that means for your firm, from deepfake executives on video calls to fraudsters using real SEC filings to look legitimate. The FBI tracked AI-related fraud separately for the first time in 2025, logging about $893 million in losses.
The bottom line: verify every request through a separate, trusted channel, no matter how real it looks or sounds.
AI tools are now built into email, documents, and daily workflows, but most firms have never looked closely at how they’re set up. Our blog looks at recent incidents where AI models from Google and OpenAI ignored their instructions, guessed passwords, and broke into systems they were never meant to access.
It also covers the AI platform settings firms most often overlook, from data sharing and connected apps to agent features that act without human review, and explains how an AI Controls Review can help close the gaps between your AI policy and what your platforms actually allow.
We hope you found this month’s BW Cyber newsletter helpful. If you’d like to discuss any of these topics or explore ways to strengthen your firm’s cybersecurity, contact us at info@bwcyberservices.com.
