Nine recommendations for alternative funds battling cyber crime
Recommendations for alternative funds on cyber crime
Tips for battling cyber risks
Cyber criminals steal user names and passwords and use it to conduct financial trading activity illicitly. Hackers seek ransom payments for private information of a prominent investor. Your fund headlines the paper when an attack crashes your trading network and disrupts the financial markets.
KPMG explored cyber security in the alternative investment industry during a January 2015 webcast featuring our own cyber security specialists. During the event, we polled approximately 2,000 alternative investment managers about their experiences with cyber crime. This article shares the findings and provides alternative investment managers tips for minimizing cyber risk.