Investors: Vetting the Cyber Security of a Fund

Investors: Vetting the Cyber Security of a Fund

ACE IT Solutions’ managing partner, Warren Finkel, recently spoke to Investor’s Business Daily about how investors can protect themselves if their mutual fund, hedge fund or RIA is hacked.

Some of the key questions that investors need to ask, include:

  • Is there any guarantee against loss against cyber attacks?
  • What steps is the firm taking to protect your personal information from hackers?
  • When was the firm’s last penetration test?
  • Does the firm have a cyber response and disaster recovery plan?
  • Does the firm contractually require its suppliers and vendors to take anti-hacker steps?
  • Can you withdraw funds without penalty when the firm is hit by a cyber attack?

ACE IT Solutions works with hedge fund and other investment firms to deliver cyber security solutions. With our IBM partnership, we are well positioned to create highly effective security solutions. Our security minded clients with the right strategy in place will be better prepared and protected for any potential threats or hacks and for future cybercontrol initiatives they will be implementing.

Read the Investor’s Business Daily article: here