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Alternative Market Briefing

Cybersecurity and hedge funds - Cyber threats and how to counter them, Part Two

Monday, April 06, 2015

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Vinod Paul
Benedicte Gravrand, Opalesque Geneva:

Cyber threats are seen as real threats nowadays, so much so that President Obama on Wednesday signed an executive order aimed at retaliating against foreign-based online attacks on the United States.

In the private sector, technology firms are already working on it.

Vinod Paul and Bob Guilbert from Eze Castle Integration, a global outsource IT service and cloud provider to the alternative investment space, recently talked to Greg de Spoelberch on Opalesque TV about cybersecurity and the cloud.

"There is a lot of confusion out there on what cybersecurity risks are to a firm," says Vinod Paul. "Whether you are on the private cloud, or you host your own infrastructure, the threat is the same. Many of our clients are holding institutional dollars and they are targeted by individuals who aren’t governed by law."

Fund management firms are targeted

Hacktivists target management firms to gain entry into funds and their assets, Bob Guilbert adds. They might spend weeks or months trying to get access. A number of attacks, often done by rogue nations or hackers, have taken place until recently, and the landscape is ever changing.

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