As the world of technology continues to evolve in complexity and threats from cyber attacks increase, the need for security and risk management is becoming more critical.
Alternative investment firms in particular, with their heavy reliance on technology for data protection, are at risk from cyber threats that can potentially have any number of negative impacts on a firm’s health.
Due to strong influences from the U.S. Securities & Exchange Commission (SEC) and other governmental bodies, senior executives are fortunately taking a more risk-based approach to their business structure. That means executives are paying more attention to critical issues like the risk of data loss and monetary impacts, as well as risk to their organization’s reputation.
This paper takes a holistic look at cybersecurity and risk management from an alternative investment firm’s perspective. It provides strategic guidance for both senior executives as well as those in security and risk management leadership roles.
1Gartner Research Report, “Top Security and Risk Management Trends”, (Published January 2019).