With high value digital information such as customer securities and banking records, proprietary research and trading algorithms and trading strategies, investment management firms of all sizes are attractive targets for cyber criminals.
Attacks can lead to IT security breaches that damage a firm's reputation, expose it to losses and costly litigation, and compromise intellectual property.
Many are not prepared to be on the "frontlines"of data protection and information security where they face not only financially motivated cyber criminals, but even politically or socially motivated hacktivists. Investment management firms that do not invest shrewdly in information security services can see investment capital erode rapidly due to reputational damage incurred as a result of a security breach.
Additionally, more investors and trading partners, such as prime brokers, are calling for the firms they work with to improve information security policies and implement a proven incident response plan.
The old approaches to cybersecurity are no longer adequate. It’s time for something new. Layered defenses can create almost as many problems as they solve, and security teams struggle to keep up with the threat. What you need is context across all your layers of defense with the right people, processes, and technology working together in concert. That’s how Secureworks can help. Using 20+ years of industry knowledge, advanced analytics, industry-leading threat intelligence, and the network effect of more than 4,000 customer environments, we provide world-class cybersecurity solutions to customers around the globe. This unmatched experience empowers our customers to be Collectively Smarter. Exponentially Safer.™
Our Managed Detection and Response (MDR) solution is comprehensive, powered by our cloud-native software Red Cloak™ Threat Detection and Response that uses AI and machine learning to deliver better outcomes for your security operations. MDR unifies telemetry from your existing security technology to maximize visibility, reduce complexity, and enable you to move at the speed of the threat. Learn more about how Managed Detection and Response uses contextualized visibility to improve your organization’s security posture.