Within the multifaceted realm of finance, hedge funds emerge as both intriguing and complex entities. At the helm of these funds, a hedge fund manager shoulders immense responsibility. You orchestrate investments, strategize to maximize returns, and navigate an ever-evolving market landscape riddled with challenges. Increasing productivity is always on your agenda, and technology can be […]
Is Your Hedge Fund Cyber Insurance Compliant?
In an increasingly connected world, hedge fund managers find themselves navigating a myriad of cybersecurity threats. Data breaches and cyber-attacks, once rare occurrences, are now an unfortunate reality of the digital age. Amid these threats, cyber security insurance has emerged as a crucial shield against the potentially crippling financial risks. Understanding Cyber Security Insurance At […]
4 Costly Hedge Fund Firm Cyber Breaches
The financial industry has long been a target for cybercriminals. However, the situation is becoming even more critical, with hedge fund firms facing increasing cybersecurity breaches and having to deal with the expensive fallout. For example, a 2019 Accenture report revealed that the financial sector bore the highest average cost of cybercrime incidents, amounting to […]
7 Ways Managed IT Services Protect Hedge Funds Firms
As cybercrime costs are predicted to reach $8 trillion in 2023 and $10.5 trillion by 2025, businesses must prioritize cybersecurity. Hedge fund firms, facing unique challenges due to the sensitive nature of their data, can significantly benefit from partnering with managed IT services. This collaboration ensures robust protection and enhances overall resilience, helping firms navigate the […]
10 Managed IT Security Risks Hedge Fund Firms Need to Watch Out For
In today’s fast-paced financial world, hedge fund firms face many challenges. Among these, managing IT security risks has become increasingly critical to maintain investor trust and ensure business continuity. As the adoption of managed IT services grows within the industry, hedge fund firms must understand and address the associated risks. 1. Inadequate Incident Response Planning […]
Cyber Security Threats That Target Insurance Companies
In 2022, global cyberattacks on corporate networks rose by 38% compared to the previous year, with the insurance and legal sectors seeing a staggering 47% increase. This alarming trend highlights the pressing need for robust cybersecurity measures in the insurance industry, which handles vast amounts of sensitive data. As cybercriminals continue to exploit vulnerabilities in […]
How Managed IT Helps Insurance Companies Stay Compliant
Insurance companies are increasingly turning to IT solutions in order to save costs and maximize efficiency. IT services can provide a range of benefits for insurance companies, from streamlining processes to managing IT infrastructure. With the right IT solutions for insurance, companies can reduce operational costs while also improving customer service. It is important to […]
Cyber Threats Aiming at Financial Institutions Hedge Funds
In 2022, more than 60% of global financial institutions with at least $5 billion in assets experienced a variety of cyberattacks, according to a new survey by Contrast Security. This alarming figure highlights the ever-increasing need for managed IT services for financial institutions, including hedge funds. As cybercriminals constantly refine their tactics and become more […]
Why Insurance Company Servers Are At Risk
Insurance companies face an increased level of risk related to their IT infrastructure and data security. Managed IT services for insurance companies can help ensure that their servers, networks, and data remain secure from cyber threats. With the right managed IT services insurance companies can protect themselves against malicious attacks while maintaining compliance with industry […]