Market Spotlight: Enhancing Cybersecurity for Hedge Funds

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There has been increased focus on cybersecurity for hedge funds within the last several years.

This has only been exacerbated by the Coronavirus Pandemic, which has seen the need for industries worldwide to focus on cybersecurity procedures during an unprecedented transfer to online business.

This need has caused regulators to take further interest in cybersecurity within the industry. This new focus on potential information breaches and cyber-attack-understanding has brought to attention the many needs of hedge funds for internal investigation into cybersecurity procedures.

It has become more important than ever to meet federal regulations, but this is not easy for those without an in-house cybersecurity team. Professionals, equipped with the right skillset, software, and other tools are often necessary to not only meet regulatory requirements, but also to defend from the ever-evolving threats that cyber-attacks pose.

Threats such as ransomware, which have recently been raising concerns over the security of federal infrastructure systems, should be a major focus for those developing new security protocols. Hedge funds that often deal with private information as well as assets would do well to meet, or even exceed federal expectations with modern cybersecurity protocols that can change with the times.

This is where Drawbridge can help. In a growing threat landscape, strong security programs are necessary to combat these threats. Generic cyber platforms cannot effectively defend from complex threats. The needs of hedge funds are far more advanced than what a generic platform can offer. Drawbridge, however, is anything but generic.

Drawbridge’s top of the line cybersecurity technology is tailor-made for regulatory requirements. This allows hedge funds to improve risk-posture, and for the development of powerful cybersecurity programs. Drawbridge can help no matter what type of hedge fund you are, with a custom platform meant to align with your ODD regulatory requirements.

To have your needs assessed, and to learn more about what Drawbridge can do for your hedge fund, schedule a demo today.

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