Hedge funds
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ON-DEMAND: From Tech Talk to Board Talk: Mastering the Cyber Program Executive Briefing
As cyber threats in the alternative investment space continue to escalate, how ready are you to communicate the value of your cybersecurity program to investors and demonstrate preparedness to secure funding? To help you master executive-level cyber communication, Simon Eyre, Drawbridge CISO, chats with Peter Christodoulo, Partner at Francisco Partners.
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Snowflake hack update: Snowballing into ransomware attacks
The Snowflake hack did not end with data breaches but has evolved into a concerning set of cyber attacks. Recap of the Snowflake hack Last week, a data breach targeting Snowflake, a prominent data cloud platform used by financial services and Alternative Investment Managers, made headlines. Hackers exploited stolen user credentials from profiles that…
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Hedge Fund launch roadmap: Where does cybersecurity fit in?
Launching a Hedge Fund is complex in the best of times but don’t let establishing a robust cybersecurity program add to that complexity. What you should know – A strong cybersecurity posture is expected at the earliest stages of launching a new Hedge Fund, by both investors and regulators alike. A well-designed cyber program can: …
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The 4 pillars of a flexible, cost-effective cyber program for emerging Hedge Funds
Establishing a robust, but flexible and cost-effective cybersecurity program is non-negotiable for emerging Hedge Funds, who are budget constrained and seeking to scale quickly. To achieve an effective cyber program, focus on developing four strategic pillars within your program: Cyber Risk Assessments A solid foundation for your cyber program begins with comprehensive cyber risk assessments,…
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How Hedge Funds Can Stay Ahead of Ransomware with the Right Incident Response Plans
There can be no hedging your bets when it comes to defending against ransomware. Funds don’t need to look far for high profile examples of devastating attacks, from Conti’s strike on Costa Rica in April to last year’s infamous Colonial Pipeline breach. And ransomware is on the rise, thanks to the growth of trends like ransomware-as-a-service. Verizon’s 2022…
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Drawbridge Scores Two New Award Wins for its Market-leading Cybersecurity Software
Company named ‘Best Firmwide Security Solution’ at the 2022 Private Asset Management Awards and ‘Best Cyber-Security Solution’ at the 2022 With Intelligence HFM US Technology Awards NEW YORK, NY AND LONDON, March 1, 2022 – Drawbridge, a premier provider of cybersecurity software and solutions to the alternative investment industry, today announced it has added two new award…
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Drawbridge Wins ‘Best Cyber-Security Solution’ at the 2022 With Intelligence HFM US Quant Services Awards
NEW YORK, NY AND LONDON, February 14, 2022 – Drawbridge, a premier provider of cybersecurity software and solutions to the alternative investment industry, today announced it has been selected as ‘Best Cyber-Security Solution’ at the With Intelligence HFM US Quant Services Awards 2022. The With Intelligence HFM US Quant Services Awards celebrate the best in…
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Hedge Fund Cybersecurity Needs
Those within the finance industry are at constant risk of cyber criminals. There are numerous ways for cyber crime to find its way into hedge funds, including phishing and other data breaching methods. It takes the right protection plan for hedge fund cybersecurity to remain secure in the face of significant cyber risk. Hedge Fund…
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How Hedge Funds can Detect Vulnerabilities with Drawbridge
Hedge funds are one of the most susceptible industries when it comes to targeted cyber attacks. These attacks can take many forms, but one of the most common cyber breaches that affects hedge funds is that of ransomware. Ransomware is a type of malware that can block access to, or even publish, the private data…
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Cyber Criminals Continue to Target Cryptocurrencies
As digital currencies grow into a more conventional asset class, financial institutions worldwide have begun to use cryptocurrencies and blockchain technology as part of day-to-day business. While cryptocurrencies have grown in value, various new up-and-coming coins have also been introduced to the market, with seemingly hundreds pouring into the crypto currency market within the span…
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Cybersecurity News: The Impacts of Cryptocurrency on Cybersecurity Within Your Firm
A cryptocurrency is a digital asset that operates as a medium of exchange. It can be used to make electronic payments, and utilizes a form of cryptography in order to secure payments, as well as a distributed, immutable ledger for tracking ownership and transactions. As the popularity of cryptocurrencies continues to expand, questions linger as…
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As cyber criminals evolve, how can hedge funds respond?
Originally Published in Alternatives Watch. Just a month after the SolarWinds attack, the Superintendent of Financial Services for the N.Y. State Department of Financial Services noted that a cyber-attack could trigger the next great financial crisis. While this idea may seem far-fetched or sound like the plot of a Black Mirror episode, the truth is that…
