ACE IT Solutions

Protecting Your Network From Ransomware: Tips from the FBI

Ransomware is the fastest growing malware threat, targeting users in all industries and businesses of all sizes. On average, more than 4,000 ransomware attacks have occurred daily since January 1, 2016. This is a 300-percent increase over the approximately 1,000 attacks per day seen in 2015. What is Ransomware? Ransomware is a form of malware that… Continue Reading

ACE IT Solutions Nominated for Multiple Hedge Fund Service Awards

New York, NY, 19 September, 2016 — ACE IT Solutions has been nominated as a finalist for several HFMWeek 2016 US Hedge Fund Services Awards, including: Best Outsourced Tech Infrastructure Provider Best Technology for Small and Start-Up Firms Best Technology Firm – Client Service Best IT Security Service The awards showcase the leading hedge fund… Continue Reading

ACE IT Solutions Featured in Special Report: Cybersecurity for Fund Managers

ACE IT Solutions is proud to announced they have been featured in Hedgeweek’s Special Report, “Cybersecurity for Fund Managers.” In the special report, ACE IT Solutions managing partner, Warren Finkel, and Datto VP of Marketing, Carrie Reber, discuss ransomware and how funds can fight back without paying hackers one cent. Companies across all sectors are… Continue Reading

ACE IT Solutions’ Warren Finkel to Moderate Annual Hedge Fund General Counsel & Compliance Officer Summit

Warren Finkel, ACE IT Solutions’ Managing Partner, will be moderating a panel discussion, “OCIE Cybersecurity and Other Market-wide Risks” at the 10th Annual Hedge Fund General Counsel & Compliance Office Summit. Corporate Counsel’s Annual Hedge Fund General Counsel and Compliance Officer Summit provides cutting-edge insights into the latest legal, regulatory and compliance opportunities and challenges faced… Continue Reading

Dangerous Mobile-phone Malware on the Rise

According to a recent article in the Wall Street Journal, Malicious software programs are gaining popularity around the world as hackers look for new and lucrative ways to attack the financial-services industry. Cyber criminals use the malware to steal banking credentials from unsuspecting consumers when they log on to their bank accounts via their mobile phones. The… Continue Reading

Cybersecurity Heightened Amid Russian DNC Hacks

The high-profile hack on the DNC is another example of how pervasive cybersecurity threats really are. It also shows that most organizations are unprepared to deal with hacks –the DNC is far from alone. Worse yet, most breaches aren’t discovered for an average of eight months and nearly two thirds of organizations learn they are breached from… Continue Reading

NIST: SMS-based two-factor authentication isn’t strong enough

The U.S. National Institute for Standards and Technology (NIST) has deemed SMS-based two-factor authentication as no longer secure enough to keep hackers out. Specifically, NIST states that SMS-based two-factor authentication isn’t secure because the phone may not always be in possession of the phone number, and because SMS messages can be intercepted and not delivered to… Continue Reading

Cyber incidents rise sharply among SMBs

Professional liability insurer Beazley announced in its Beazley Breach Insights—July 2016, that small businesses, especially in the financial industry, are experiencing a sharp rise in data breaches during Q1 2016. Notably, among financial institutions, hacking and malware attacks accounted for 43% of all data breaches handled by Beazley. That is compared to 27% in the same quarter… Continue Reading