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Abacus Group teams up with Varonis Group

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Varonis Systems is to supply Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, with a platform to monitor, manage and capture unstructured data in the Abacus private cloud.

Through this new relationship Abacus clients will have access to enhanced reporting capabilities and greater visibility into their IT infrastructure as required by global regulators and investors.  
Changes in regulatory compliance are driving a demand in the financial markets for better reporting and oversight. The Securities and Exchange Commission’s (SEC’s) Office of Compliance Inspections and Examinations (OCIE) has recently issued a Risk Alert on the importance of information security and data protection. Registered investment advisers need to have solutions that can perform audits and forensic analysis to address cyber security threats.
Varonis DatAdvantage provides Abacus clients with enhanced visualisation capabilities for file share and mailbox permissions, as well as auditing and reporting capabilities. Abacus clients can identify their most sensitive data and easily determine who has access to it, who is actively accessing it, and safely lock it down.
Key functionalities and benefits to Abacus clients include:
• Real-time visibility into changes in file permissions to prevent and/or alert on unauthorized access to critical data
• Enhanced visibility into users, groups and mailbox and folder permissions
• Reduced IT resources devoted to the management and protection of unstructured data
• Greater efficiency and security of sensitive data
• A detailed audit trail of every access event to support compliance reporting
“Abacus came to Varonis because it needed a solution that will make sure it always knows where its clients’ data is, who has access to it and who has been using it, regardless of how many independent servers it has or domains it hosts on behalf of its customers. Its hedge fund customers demand this level of transparency and data protection. Leaving critical information at risk simply isn’t an option and efficiency is a must, especially when faced with so many compliance regulations,” says David Gibson, Varonis vice president of marketing. “Varonis DatAdvantage is the only solution available that can provide Abacus and its clients with complete visibility into permissions and activity for both file shares and email, and automated remediation through a unified interface, reducing risk and operational overhead at the same time.”
“Today’s announcement underscores our continuous commitment to address pressing client needs and evolving industry requirements,” says Viktor, Tadijanovic, chief technology officer, Abacus Group. “With Varonis, we are empowering our clients with actionable intelligence about their data, greater transparency into their Abacus private cloud environment and efficient reporting capabilities, to ensure that all their critical data is effectively managed and protected.”

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