Hedge funds
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Market Spotlight: Enhancing Cybersecurity for Hedge Funds
There has been increased focus on cybersecurity for hedge funds within the last several years. This has only been exacerbated by the Coronavirus Pandemic, which has seen the need for industries worldwide to focus on cybersecurity procedures during an unprecedented transfer to online business. This need has caused regulators to take further interest in cybersecurity…
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Market Spotlight: Securing Hedge Funds with Drawbridge
If your business offers any type of financial service, you face the threat of potential cyber attacks and other digital threats. Hedge funds are one of those services at risk. Hedge funds can be attacked through a variety of ways, such as phishing, spear-phishing, ransomware, and more. Hedge fund managers are prime targets for cyber…
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Preparing your hedge fund for the modern cybercriminal
Originally Published in Alternatives Watch. The familiar adage that “every organization is a target” when it comes to cyberattacks, solidifies its place as an undeniable truth for companies in all industries each year. Spring has barely begun and we have already seen what could be one of the biggest cyberattacks of 2021. When thousands of companies…
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“All in this together”: How hedge funds are tackling cybersecurity challenges in the COVID-19 lockdown
Originally Published in HedgeWeek. With the closure of non-essential workplaces during the COVID-19 pandemic shaking up the way financial services companies do business, the remote working environment is raising an assortment of operational challenges for hedge fund firms, spanning communication technology, data and information security, and infrastructure vulnerability. When the UK lockdown was announced last month…
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Cyber Risk Continues to Plague Financial Services
Originally Published in Corporate Compliance Insights. The eventuality of a cyber attack is cause for concern for all kinds of organizations, but lately the financial services industry has been especially afflicted. Drawbridge’s Martin Passante explores the growing cybersecurity threat in financial services and how firms can proactively prepare. Cybersecurity is a growing concern for firms in…
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Hedge Funds Besieged by on Daily Basis
Hackers are exploiting inherent weaknesses in mature hedge funds on a daily basis, say a security vendor and the chief technology officer of an established fund, leading to huge boosts in cybersecurity spending. “Hedge funds are being targeted simply because of cash movements where frequent large transfers are normal at a small business that doesn’t…
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Press Release: Drawbridge Teams with CrowdStrike to Provide Industry-leading Incident Response Services to Alternative Investment Vertical
Stamford, CT – Drawbridge today announced a partnership with CrowdStrike to provide incident response and proactive services within the Drawbridge Cybersecurity offering. The financial services vertical is under heightened scrutiny by both investors and regulators to make sure they have a strong cybersecurity program in place. A good foundation can be built with proactive technologies coupled with consulting guidance, however, the…
