Hedge-fund-security

Материал из campus.mephi.ru

In the wake of the massive probe into insider trading at hedge funds, by which feds have been able to level charges against people via evidence gained from wire taps and covert audio recordings, hedge fund managers are experiencing their offices and houses swept for listening gadgets, according to the FT. In the latest arrest of previous SAC portfolio manager Don Longeueil, for example, the FBI's complaint is filled with information that came from his ex-best friend, Noah Freeman, who wore a recorder as they discussed trashing disk drives. The case against Galleon and Raj Rajaratnam, and consultants at expert network businesses, were built using very much the same tactics.

The FT spoke to various security businesses that carry out sweeps for bugs and they all said they'd seen an incredible rise in requests for their expertise by money managers. The founder of Insite Security, a security and risk management agency headquartered in New York, told the FT, Within the last few months, there has been a really elevated curiosity about electronic sweeps for hedge funds. They’re working harder at clamping down on their information safety measures and making sure the telephones are safeguarded and the offices aren’t being bugged. We’ve also been asked to sweep traders’ homes. That scenario was echoed by a different security firm, called Guidepost Solutions, which has also dealt with a spike in calls from hedge funds that have arisen "out of the government’s current probes.” The head of Guidepost, Andrew O’Connell, said: “The hedge funds calling for these facilities, which incorporates sweeps but also compliance instruction, has grown 1000% over the past year.”

A lot has changed in the hedge fund sector in recent times. New legislation, increased investor operational specifications and challenging markets have led to changes in the way funds ply their trade. Debatably one of the most significant changes we’ve seen in the realm of technology functions is an increased concentrate on safety measures and data protection. On a seemingly regular basis, we hear about high-profile security breaches by criminal and state-sponsored groups seeking to obtain access to fragile information and facts. The industry is engaged in an arms race as security pitfalls and threats continuously develop, while hedge funds and their investors strengthen their security positions.

Investors have gotten savvier when it comes to technology, looking to better appreciate the programs and procedures that companies have in place to guide their daily operations. And with the frequency of new public cloud applications, such as storage and sharing services like Dropbox, firms and investors alike are required to take a closer look at their security information to ensure all required measures are taken to defend their information. In order to properly manage security dangers, firms must be positive. Performing a susceptability analysis is an efficient way to gauge the threat level for your firm and therefore gauge the steps needed to deal with the challenges. They often expose malicious activity formerly unnoticed. Even simple security recommendations can go a great distance in treating troublesome and expensive threats in the future. The most typical security threats often originate from out-of-date network and anti-virus patches, software updates and Web browser activity.