With the threat of cyber attacks continually rising for all businesses, what are the implications for asset managers and how can they increase their cyber resilience?
To date, there hasn’t been a publicly reported, large scale cyber attack against an asset manager. But logic tells us that this won’t be the case forever. Asset management firms are not immune to a cyber attack and are likely to be an increasing target given the value of assets under management.
This report, jointly published by the Investment Association and KPMG, calls on asset management firms to raise the bar and work individually and collectively to ensure that they are keeping a step ahead of the ever-present threats.
The Building cyber resilience in Asset Management report provides a detailed assessment of:
• The cyber security threat landscape - as it applies specifically to asset managers
• How to build a cyber resilient business - including cyber security frameworks and good governance protocols
• Community action - steps the industry can take collectively to increase cyber maturity and strength
• Future technology disruptors - analysing new technologies such as blockchain and AI, and the cyber security implications
If you wish to discuss any of the findings in our report, please contact Matthew Martindale, Partner, Cyber Security in Financial Services.