Cyber attacks can be one of the most worrisome issues faced by today’s funds in both the private equity and hedge sectors of investment. Today’s cybercriminals are becoming increasingly savvy at getting around the barriers that are put in place. Luckily, the team at Agio is there for clients in the hedge fund and private equity sector as these firms work toward achieving effective cybersecurity. One of the points that the Agio team works to educate customers on is some of the bad misconceptions that can end up leading to a hedge fund cybersecurity breach. These are three of the most common misconceptions that these firms often make that end up having negative consequences on their cybersecurity.
The Cybersecurity/IT Link
One of the foremost misconceptions that exist regarding cybersecurity in the hedge fund realm is the idea that these security issues are firm-wide in their scope. They can often be boiled down to an issue with a firm’s IT department or a lack of proper collaboration between IT and the firm’s cybersecurity area. With this in mind, the Agio team points to the importance of collaborative effort between these two critical lines of defense.
The Ongoing Battle
Cybersecurity needs to be viewed as an ongoing effort rather than something that is taken care of once and then everything is perpetually good going forward. This is simply a misconception and today’s private equity and hedge funds need to bear in mind the fact that new threats are always arising and cybercriminals are always learning new tricks. This process of protecting assets and data has to be a continual one.
Keeping The Place of Technology In Perspective
The fact that the right technology will make a firm’s cybersecurity issues more secure is not a misconception, it is a fact. The misconception comes into play when a firm becomes overly confident that the technology they have put in place will make them invulnerable to attack. This is a misconception that must be dispelled. Having the most current antivirus programs and next-generation firewalls in place is of significant importance when it comes to cybersecurity issues but today’s firms have to remember that level of creativity that is being displayed by cybercriminals. They are always looking for ways to bypass these protections. Constant diligence is as important as having the best technology in place for cybersecurity protection.
The Team That Is There To Help
Professional services in the fields of IT and hedge fund cybersecurity is what the expert team of professionals at Agio is known for. This team takes great pride in the services that they provide to today’s professionals in the world of hedge and private equity funds. Proving expert guidance is a big part of the work that this dedicated firm has become known for. The extensive list of satisfied clients is a true testament to the level of professionalism and expertise that is routinely on display.