Infographic: Financial Service Cyber Attacks Up Fivefold In 2018

From TransWorldCom   According to the Financial Conduct Authority, the UK saw a fivefold increase in data breaches in 2018 compared to the year before: Companies reported 145 breaches last year, compared to only 25 in 2017   In April 2018, seven retail UK banks, including Royal Bank of Scotland, Santander, Barclays and Tesco Bank had to shut […] Read more »

Top Tips for Buying Directors and Officers Insurance

By David Turner, Vice President at JLT   My colleagues and I routinely uncover risk oversights (which I also refer to as “D&O Insurance FAILS”) during discussions with CFOs, COOs, CAOs, CCOs and the General Counsel of private and publicly-traded organizations. Here are 4 real-world examples of “D&O Insurance FAILS” that may alter a company’s approach to […] Read more »

Implications For Hedge Funds From Equifax Cybersecuity Breach

From Mark Sangster, VP and Industry Security Strategist, eSentire/ Hedge Fund Insight staff   You’re likely already aware of the Equifax breach, which is said to have possibly affected the personal information of as many as 143 million people.  Many are talking about the delay in the disclosure of the security breach, and more importantly, […] Read more »

More than the Money: Seven Steps to Protect Your Firm from the Fallout of a Cyberattack

cyber security lead art illustration 2

By Constance N. Hubbell, President, The Hubbell Group, Inc.   Asked why he robbed banks, legendary bandit Willie Sutton said, “Because that’s where the money is.” Today, many criminals steal with laptops, not guns, but they still go where the money is, and – with $3 trillion in assets under management[1] – hedge funds are […] Read more »