Family Office Feature on Cyber Attacks; In Conversation with Gareth Cocks

Are cyberattacks a real concern for family offices?

Absolutely, and we can expect to see the threat profile increase considerably over the course of the next few years.

Cyber terrorists, or bad actors, are becoming more sophisticated in their efforts and will actively seek to expose vulnerabilities in a target’s infrastructure, stealing data, disrupting operations, or steering proceeds away from their intended destination. The attacker’s aim is financial gain!

The concern for family offices is that with the increasing cybersecurity budgets of large investment managers, wealth managers and other financial services institutions, bad actors see family offices as a potential target on the perception that their systems and controls may be inferior to these larger financial services businesses.

Read the rest of the interview below.

https://www.jerseyfinance.je/our-work/family-office-feature-in-conversation-with-gareth-cocks/