CloudMargin, creator of a collateral and margin management solution native to the cloud, has appointed Mario Platt as Vice President, Head of Information Security.
The shift to remote working as a result of the coronavirus pandemic proved to be the ultimate stress test for hedge funds’ cybersecurity and business continuity processes – but speakers at this year’s Hedgeweek LIVE Europe digital summit believe the industry has coped well with the unprecedented disruption.
Enfusion, a provider of cloud-based investment management software and managed services, has selected Drawbridge Partners, a cybersecurity software and services firm specialising in the needs of hedge fund and private equity managers to bolster its vendor due diligence process.
Drawbridge Partners, a cybersecurity software and services firm specialising in the needs of hedge fund and private equity managers, has reported strong growth throughout 2020 as well as several key company investments.
The Standards Board for Alternative Investments (SBAI) has released its newest Toolbox memo on Cash Handling and Cyber Security.
Binance, a global blockchain firm behind the world’s largest cryptocurrency exchange by trading volume, is partnering with Oasis Labs, a data privacy software company, to launch the CryptoSafe Alliance which will bring together a global ecosystem of collaborators to combat fraud.
Firms can have a belts and braces approach to the security of the systems and tools they deploy, but staff training and communication can make or break their chances of success.
Artificial intelligence is enabling organisations to be more proactive in their approach to cyber threats. Work environments with greater levels of remote access could be deemed more vulnerable, but the element of automation in identifying and remediating potentially malicious behaviour provides a superior measure of security.
By A Paris – Hedge funds and alternative asset managers are responsible for over USD3 trillion in assets under management – many bright shiny diamonds for cyber criminals to pursue. Increased levels of remote access propelled by the Covid-19 pandemic are making these organisations even riper targets. So, in this environment, the cost of inaction or complacency around cybersecurity continues to mount.
The first automated crypto asset transaction, compliant with the Anti-Money Laundering Ordinance of the Swiss Financial Market Supervisory Authority FINMA, has been completed using Zug-based start-up 21 Analytics' software.