The Biggest Security Threat to Your Firm Might Be Sitting Next to You
Just last week, we talked about network security threats and the best practices your firm can employ to keep information safe. You probably think that your security efforts should be focused on the outside - on external risks. But the reality is that the biggest security threat to your firm could be the person sitting right next to you.
It was mentioned by both eSentire’s Steve McGeown and Eze Castle’s Steve Schoener during our recent webinar that internal threats to security are just as likely to occur when it comes to cybercrime and security breaches.
A recent Wall Street Journal article, IT Protects the Company, Who Protects IT, included statistics from a PricewaterhouseCoopers survey of executives about economic crimes. Several jarring statistics were provided, including:
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Security
Trends We're Seeing
The Cloud Trifecta: Scalability, Cost and Efficiency
Taking a page from the Cloud Forum (quite literally), today we look at the top three winning reasons hedge funds are gravitating towards the cloud. Not surprisingly, these reasons center around increased efficiencies, improved technology environment and cost savings.
Scalable, Flexible and Available
The cloud offers firms the option of scalability without the serious financial commitments required for infrastructure purchase and maintenance. With cloud services there is no vendor lock-in or implied commitment beyond duration so firms have the flexibility to easily evolve their IT environment.
Another benefit is the ability to seamlessly add more users and/or computing resources to match the firm’s requirements. A hedge fund private cloud can deliver the infrastructure, bandwidth and network resiliency to accommodate business requirements for high speed access, storage and applications.
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Cloud Computing
Hedge Fund Operations
Infrastructure
Project Management
Trends We're Seeing
Network Security Threats & Best Practices for Hedge Funds
As part of our ongoing thought leadership, we often host educational webinars on a variety of topics relevant to hedge fund operations and technology. For our most recent webinar, we decided to dive deeper into the topic of security, as it still remains one of the biggest priorities and concerns for hedge funds.
Speaking on the webinar were two great security experts: Steve McGeown, VP of Marketing and Product Management at eSentire, and Steve Schoener, VP of Client Technology here at Eze Castle Integration.
Below is a short summary of the key points addressed by our expert speakers.
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Security
Trends We're Seeing
Learn the Lingo: An A-to-Z Cloud Computing Reference Guide
It's no secret that cloud computing is the hottest topic in the world of investment technology right now (we've certainly been talking about it frequently!). We often hear from our hedge fund clients that they are very interested in this technology, but feel they still have additional learning to do before making an informed decision as to whether it is the right option for their firms.
So, as part of our ongoing effort to provide educational content to our loyal Hedge IT readers, we have compiled a list of the most commonly used cloud computing terms. We hope this A-to-Z "dictionary" will serve as a valuable reference guide for you in your exploration into the world of cloud technology!
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Cloud Computing
Hedge Fund Operations
Hedge Fund Cloud Summit: Video Testimonials
More than 100 hedge fund technology and operations professionals attended our recent Hedge Fund Cloud Summit in New York, and we're pleased to report that the feedback was overwhelmingly positive.
Not only was the Cloud Summit the first event of its kind, but it was also where we debuted Eze Castle TV! Some of our attendees were brave enough to face the camera and tell us what they thought of our event. Watch the video below to see what they had to say!
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Cloud Computing
Security
Trends We're Seeing
Introducing Our Newest Addition: Cloud Forum!
As any regular Hedge IT reader knows we are passionate about cloud computing and its use at hedge funds. We are also committed to being a constant source of information and education. 
So…drumroll please… We are excited to unveil the newest member of the Eze Castle Integration thought leadership family – Cloud Forum!
On the Cloud Forum you will find rich information:
- What is Cloud Computing
- Cloud Architecture
- Operating in the Cloud
- Cloud Security
- Cloud Computing Dictionary A-Z
- Cloud Resources: Articles, Videos and Events
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Cloud Computing
Eze Castle Milestones
Trends We're Seeing
Hedge Fund Cloud Summit Draws a Crowd in New York
The atmosphere in the room was one of excitement and anticipation. Not something you’d expect for a conference dedicated to cloud computing? Think again.
We hosted our first-ever Hedge Fund Cloud Summit earlier this week at the Sofitel New York, bringing together over 100 operational and technology professionals from the investment industry for what truly was an exciting day.
Event hosts Bob Guilbert and Vinod Paul kicked off the afternoon by offering their perspective on the changes within the hedge fund market relative to cloud computing and why it has steadily become a reliable technology option for firms of all sizes and strategies. Five years ago, most hedge funds were involuntarily relying on traditional on-premise infrastructures marked by intricate Comm. Room build-outs and heavy upfront capital expenditures. The average cost for servers, storage, networking and other equipment? Two hundred to five hundred THOUSAND dollars.
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Cloud Computing
Trends We're Seeing
Eze London Employees - Why We Love Technology
What would we do without technology in our daily lives? Technology has evolved over the years helping us with the way we communicate with one another to the mediums we use to obtain and share information.
Check out what Eze Castle's London employees had to say in the video below.
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Videos
Trends We're Seeing
Recipe for Success: Key Ingredients for a Great Help Desk Team
Next week, our Global Support Group director, Dan Kummer, will be attending the Help Desk Institute’s 2012 Conference & Expo in sunny Orlando, Florida, where he will hear from some of the industry’s top experts and learn about new support desk technologies and trends.
As we look forward to this great event, we got to thinking about our own help desk team and support teams in general. What makes one help desk better than another? What are the key ingredients in providing the best possible IT support to clients?
Here are our thoughts.
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Business Continuity Planning
eSentire: Bringing Security and Threat Management to a Hedge Fund Near You
The security threat landscape continues to evolve, and security through obscurity is no longer (and probably never was) an ideal approach to protecting the sensitive data of the hedge fund industry. A recent study by IBM found that cyber threats are expanding with 62% of managers believing that cyber threats are an increasingly serious risk to business.
The report found a 27% rise in cyber security vulnerabilities between 2009 and 2010 and noted that “early in 2011 officials at the International Monetary Fund revealed that it had been targeted by a sophisticated cyber attack – a threat that was considered so serious, the World Bank severed the computer ties through which the two organisations shared information.”
Another example cited was that “in June 2011 a black-hat hacker group known as LulzSec (or “Lulz Security”) targeted the website of the CIA in the US using a denial-of-service attack. This was the latest in a string of similar attacks against a range of government and public sector bodies.”
While these two examples occurred at large organizations, the risks facing smaller firms (read: hedge funds) are just as real. To that end, we recently had eSentire into our Boston office to speak with a group of hedge fund CTOs about the security landscape and their managed security technology. Feedback on eSentire’s offering and approach was positive and the spark for this tech spotlight article.
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Security
Cloud Computing
Data Loss Prevention
Eze Castle Milestones
Hedge Fund Operations
Infrastructure
Trends We're Seeing
Recent Posts
- The Biggest Security Threat to Your Firm Might Be Sitting Next to You
- The Cloud Trifecta: Scalability, Cost and Efficiency
- Network Security Threats & Best Practices for Hedge Funds
- Learn the Lingo: An A-to-Z Cloud Computing Reference Guide
- Hedge Fund Cloud Summit: Video Testimonials
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