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What IT Security and IT services does a Hedge Fund need to worry about?

Response IT Services Ltd are the best IT Services in Warlingham, from Cyber Security to the Office Phone system we can recommend, manage and implement the best tools and Services on the market.

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What IT Security and IT services does a Hedge Fund need to worry about?

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  1. What IT Security and IT services does a Hedge Fund need to worry about? Hedge funds control lots of money (theirs and other peoples) they are prone to be targeted by hackers. A firm operating in a financial industry and to able to be a licensed registered body means it is bound by the rules of its commission. For example in the United States this is the The U.S. Securities and Exchange Commission (“SEC”) and due to the increase in cyber attacks recently, they are increasingly building new regulators of organisations IT security to continue to be registered per below: •Cyber security governance and oversight •Policies, procedures and training •Protection of networks and information •Client remote access and risks associated with fund transfer requests •Risks associated with third parties/vendors •Protocols for reporting cyber breaches Security Frameworks such NIST and ISO/IEC 27000-series security standards are usually strongly adhered too which results in certification in the company which has to be done on a regular basis. Items include

  2. •Control Administrative and Privileged Access •Removal of “undesirable” applications •Secure Standard Operating Systems •Automated Patching Tools and Processes •Back Up Data Regularly •Mobile Device Security and Encryption of Data •Anti-virus, Email and Website Filters Data security is a large item when looking at an organisations security. Where the data gets stored , and how it gets stored along with who has access to it are all items that Hedge funds have to answer when partnering with other firms or financial institutions Hedge funds have legal and compliance teams inside whose sole job it is, is to make sure the company it abiding by its financial regulations. These teams work heavily with IT Teams to make sure all products purchase or systems used have all the correct security in place to minimise the company’s risk of a data breach or compromise of security. Response IT Services Ltd are the best IT Services in Warlingham, from Cyber Security to the Office Phone system we can recommend, manage and implement the best tools and Services on the market.

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