Real estate companies are being encouraged to change their attitude towards cyber-attacks after a report warned the sector is largely unprepared for data breaches.
Over half of private equity and real estate fund managers are less than satisfied with their firm’s current level of cybersecurity arrangements, according to a new survey carried out by fund administrator Augentius.
Professor André Spicer, Cass Business School, comments on Cambridge Analytica and questions what the costs will be to big tech firms?
By George Ralph, RFA – The use of Artificial Intelligence is becoming decidedly commonplace. Wikipedia describes AI research as “the study of intelligent agents: any device that perceives its environment and takes actions that maximise its chance of success at some goal.” AI is often used interchangeably with Machine Learning, which is described as the subfield of computer science that, according to Arthur Samuel, gives "computers the ability to learn without being explicitly programmed."
By George Ralph, RFA – We all know that cyber-attacks are not only more prevalent but they are increasing in ferocity, becoming ever more ambitious and overt. The latest culprits, Petya and WannaCry both used phishing attacks to spread malware through networks, and Petya rendered the user’s computer inoperable and gave hackers full access to the usernames and passwords stolen from the computer.
By George Ralph, RFA – Imagine you’re the CTO of a successful hedge fund. You’re not big enough to have a dedicated CISO but you think you’re doing a pretty good job of securing your network. Your applications and databases are secure, you’ve just invested in a network intrusion detection system and some next generation firewalls.
Running an alternative fund management business has become a far more considered, strategic affair in the light of significant regulatory changes post-08. One might compare it to the ultimate game of strategy, chess. To stay in compliance with AIFMD, Dodd-Frank, and the upcoming MiFID II and General Data Protection Regulations (GDPR) in Europe, fund managers have to think two moves ahead, and ensure that they have their pawns in position. One wrong move and they run the risk of facing what might be best described as regulatory checkmate.
By George Ralph (pictured), RFA - In these turbulent times, it sometimes feels like we need to be armour plated to protect ourselves against the relentless barrage of attacks against our families, our businesses, our economy and our political stability.
By George Ralph (pictured), RFA - The aptly named WannaCry cryptoworm, is working its way around the world, encrypting data and demanding ransom payments in the cryptocurrency, bitcoin.
By George Ralph (pictured), RFA – Cyber security has never been as important as it is today. The Cyber Security Breaches Survey 2017, published recently by the Department for Culture, Media and Sport and undertaken by Ipsos Mori highlights some statistics that should make even the most jaded CIOs sit up and take notice.