Hedge funds are being challenged more than ever thanks to the COVID-19 pandemic, while trying to meet their objectives and attempting to overcome severely strained resources. Countless numbers of vulnerable individuals are reliant upon the crucial investment provided by the hedge fund sector, and disruptions could have catastrophic results. One type of disruptor is a cybersecurity attack perpetrated by compassionless criminals that turn a blind eye to whether their victims are large or small firms. Compounding the threat of attack is that hedge funds gear their internal budgets towards meeting their goals and may not have the ability to make the expenditures needed to fortify their defenses. However, all is not lost, as there are many cost-effective methods for reducing the risk of cybersecurity incidents. The following list provides some guidance to help navigate the many threats that lurk behind every click and keystroke:
For more information or to set up a meeting to discuss how Citrin Cooperman can provide assistance with establishing strong cybersecurity defenses, please reach out to Kevin Ricci at kricci@citrincooperman.com or Dave Roath at droath@citrincooperman.com.