SEC’s OCIE RISK ALERT

On May 23, 2019, the Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) released a new risk alert identifying security risks associated with the storage of electronic customer records and information in various network storage solutions, including cloud-based storage. Some of the concerns brought to light from recent examinations were misconfigured…

Read More

CYBERSECURITY RISK ALERT: WhatsApp Vulnerability

Yesterday, various governmental agencies and news outlets were made aware of a security vulnerability affecting the WhatsApp messaging platform. The vulnerability may have enabled malicious actor(s) to inject spyware on user devices which potentially exposed user information on mobile devices. WhatsApp has encouraged users to update the application immediately to avoid potential exposure and compromise of data.…

Read More

Press Release: Drawbridge Partners Announces the Acquisition of inCyber Security Advisory Business

STAMFORD, CT, May 8, 2019 – Drawbridge Partners, a premier cybersecurity consulting firm specializing in the needs of hedge fund and private equity managers, today announced the acquisition of inCyber Security, inCyber Compliance’s consultancy division. The acquisition gives Drawbridge Partners a portfolio of high-profile and long-term clients as the firm continues its impressive growth and focuses…

Read More

Hedge Funds Besieged by on Daily Basis

By David Beach — May 1, 2019 Hackers are exploiting inherent weaknesses in mature hedge funds on a daily basis, say a security vendor and the chief technology officer of an established fund, leading to huge boosts in cybersecurity spending. “Hedge funds are being targeted simply because of cash movements where frequent large transfers are normal…

Read More