Ransomware, malicious code that encrypts files and demands a ransom to decrypt, has been around for years, but why is this most recent version so successful? The answer is bitcoin. Bitcoin provides a method by which hackers may remain anonymous
The Cybersecurity phenomenon has completely changed the game in both the investment management industry and the broader financial services sector. Attacks on fund managers, investment advisers and other fiduciaries (“Fund Managers”) are increasing in frequency, sophistication and severity. And both the regulators and
There’s a lot hackers can do to wreak havoc for private equity and other investment firms – and it extends far beyond forcing users to change their passwords. In fact, with their roguish hands on the right information, the consequences
Paladin Capital Group, headquartered in Washington DC, is a leading global private equity investor in some of the world’s most innovative companies; particularly those that are developing new technologies in the cybersecurity space. Mike Steed (pictured), Paladin’s Founder and Managing
Just a decade ago, the cyber threat landscape was far less pronounced, but thanks to significant advances in IT, mobile technology and digital platforms, the threat of cybercrime has grown exponentially and poses risks across the global industry and for
By Daren Glenister (pictured), Field CTO for Intralinks – Will 2016 be the year that businesses finally stop being their own worst enemies when it comes to data security? In 2015, incident after incident demonstrated that management and IT staff
The Hedge Fund Standards Board (HFSB), the standard-setting body for the hedge fund industry, has held its first table top cyber-attack simulation for hedge fund managers in London. The HFSB is custodian of the Hedge Fund Standards, and is supported
Ernst & Young’s Global Information Security Survey 2015, entitled ‘Creating Trust in the Digital World’ provides a comprehensive insight into how organisations view their cyber defences. The data presented reveals a number of inconsistencies that illustrate a lack of real
It’s June, which means hurricane season is upon us, and it’s time to shore up business contingency plans. As we all remember, many firms in New York and New Jersey were impacted by Hurricane Sandy back in 2012, and since
By Bob Shaw (pictured) – As cyber threats continue to mature and firms become increasingly dependent on third-party service providers and Internet applications to support operations, they not only begin to benefit from greater efficiencies and advanced technologies, but also open
