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cyber security

January 3, 2017

Robocrooks are massing at the cyber gates but Asia-Pacific family offices are slow to build up their online immune systems

Robocrooks are massing at the cyber gates but Asia-Pacific family offices are slow to build up their online immune systems.

Complacency could be one of the biggest threats to family offices, as they deal with the ever-present, if largely hidden, danger posed by cyber-crime. Research shows the family office community is especially vulnerable to these attacks.

September 28, 2016

Family offices have lost up to $50,000 in attacks on their cyber security, the new Global Family Office Report by Campden Wealth reveals.

Family offices have lost up to $50,000 in attacks on their cyber security, the new Global Family Office Report by Campden Wealth reveals.

The report, in partnership with UBS, also found family offices were barely satisfied, or even dissatisfied, with their software – despite each family office spending on average a staggering $245,000 a year on their information technology systems.

August 22, 2016

Almost half of multi-million dollar international family offices do not have dedicated cyber security, exposing ultra-high net worth individuals to hackers, an accountancy firm warns.

Almost half of multi-million dollar international family offices do not have dedicated cyber security, exposing ultra-high net worth individuals to hackers, an accountancy firm warns.

New research by Moore Stephens revealed 42% of family offices surveyed do not have a policy to protect their vulnerable computer networks of sensitive commercial information. This lapse was despite 79% of family offices claiming they were “concerned” or “very concerned” about cyber-crime.

September 12, 2014

The cyber world may seem intangible, but security breaches can have a very real impact on your family's money, reputation and even safety. CampdenFB looks at how and why family offices should take data security seriously

In May, Target chief executive Gregg Steinhafel stepped down after 35 years at the chain, following revelations a data breach had affected 70 million customers – one of the largest consumer data breaches ever. It came just one year after the National Security Agency (NSA), one of the most secretive government bodies in the US, was embarrassed by third-party contractor Edward Snowden, who released information to the media about their surveillance of non-consenting individuals. Data security breaches, big and small, are on the increase, and are making headlines.

August 11, 2014

A “shocking” number of family offices send confidential information via email, according to a family wealth IT expert, as new research outlines how family offices can protect themselves from cyber attacks.

A “shocking” number of family offices send confidential information via email, according to a family wealth IT expert, as new research outlines how family offices can protect themselves from cyber attacks.

Internet security for family offices: 10 steps to protect online information, a white paper published by software company Archway Technology Partners and family office intranet provider Trusted Family, released this month, says the majority of family offices lack the specialist IT security needed to prevent cyber attacks.

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