New technology is emerging, cloud computing is becoming the new norm and cybersecurity threats are growing exponentially, but how does this impact investment management firms across the globe? Eze Castle Integration surveyed 150 senior-level executives with IT decision making responsibility to find out how the current landscape has shaped their strategies and attitudes on cybersecurity, IT spend and third-party outsourcing.
Our newest infographic explains the findings: see it here!
More than ever before, technology has become a key element of the already thorough due diligence processes that businesses go through, in order to secure funding from investors. Thus, being able to illustrate a strong and resilient infrastructure is vital for both start-up and established firms operating in today’s wider professional services landscape.
Today’s blog article will take a look commonly asked investor due diligence questions (DDQs), as well as share best practices on how firms can leverage technology to win the trust of investors and subsequently unlock the capital needed to help their business flourish.
Download a copy of our whitepaper ‘Outsourcing in the Alternative Investment Management Industry’ to learn more about managing third-party vendor relationships effectively.
With new technology emerging, cloud computing becoming the new norm and cybersecurity threats growing exponentially, how does this impact investment management firms across the globe? To gain a better understanding of industry IT priorities, Eze Castle Integration, in partnership with Microsoft and IDG Reserach, conducted a survey of 150 senior-level executives from the United States and United Kingdom. The findings cover technology priorities, cybersecurity plans and concerns, outsourcing attitudes and trends, and IT budgeting.
Continue reading for a synopsis of our findings, or to view the full report, you can access The 2019 Global Investment Management Survey: Understanding Industry IT Priorities and Spending HERE.
In today’s investor landscape, operational due diligence (ODD) can eliminate a manager from consideration, regardless of a positive investment management analysis. With ODD teams increasingly using this veto-power in the decision-making process, it is important for asset managers to be cognizant and well-prepared for thorough operational due diligence tests.
Together, leading accountancy and advisory firm, EisnerAmper, and trusted global provider of managed IT services, Eze Castle Integration, hosted a breakfast seminar to share secrets to operational due diligence excellence with investment firms, in London last week.
Today’s blog article will round-up the technology considerations concerning ODD, covered at the event by Dean Hill, Executive Director at Eze Castle Integration.
This article is featured in AIMA - The Alternative Investment Management Association's latest journal
A Risk-Free Approach to Securing the CloudCloud products continue to evolve as adoption has increased rapidly over recent years. Top vendors such as Microsoft offer feature-rich cloud platforms, with transformational potentials for the global workforce. However, due to the perceived data security risks accompanying cloud usage,there are still many firms that have decided against ‘going cloud’. A report on cloud security published by Crowd Research Partners in 2018 highlights that 91% of cybersecurity professionals share these concerns. Fears around cloud security are not uncommon, and, unfortunately these fears do have a basis. An estimated 25% of public cloud users have suffered data loss, as per security software company McAfee’s ‘Navigating a Cloudy Sky 2018’ report. All things considered, businesses are still encouraged to leverage a cloud-based platform to accelerate the modernisation of their IT. And, trust that with a strong security net in place, applications and assets stored on these solutions can effectively be protected. Businesses are advised to embrace the following cloud data security best practices to secure their network.
Categorized under: Cloud Computing
If there’s one thing we’ve learned over the years when it comes to cybersecurity, it’s that there’s a whole lot more to creating a secure investment firm than robust technology. Before identifying infrastructure components and implementing operational policies, a firm must first be clear on what its attitude is toward security. This attitude will filter through the company from the top down, and will therefore dictate how employees and the business as a whole operate on a daily basis.
To give you a clearer understanding of what we mean, we’ve created three security profiles that cover a wide spectrum in terms of security attitudes and practices.
Under the Radar: Low Security
If you’re attitude toward security is low, odds are you’re barely scraping the surface in terms of what practices and policies you should be employing to maintain proper security firm-wide. You likely rely on quick fixes to solve problems instead of looking at the bigger picture and thinking strategically about how security can both benefit and protect your business. You’ve employed minimal preparedness efforts and could be in for a difficult task if faced with a serious security incident. You probably take a “it won’t happen to me” attitude and don’t take security seriously enough – a stance that could endanger your firm in the long term.
You can also check out our latest Whitepaper on the required safeguards for 2019 and how to pursue a "security-first" posture.
The most effective cloud data security strategies feature several protective layers. System-level defenses, which constitute the outermost layer, secure the so-called plumbing of the cloud, or the compute containers, networks, operating systems and the other overarching components that facilitate cloud-based connectivity. Application-level security features follow.
Data-level protections form the final layer, which stands as the last line of defense against cybercriminals on the technology front. Past these layers stand your end users, who require training to ensure they don’t compromise the whole strategy.
While cloud-computing vendors are responsible for developing and deploying the data security features included in the first layer, internal IT teams or managed service providers must build out the two remaining strata.
Many cloud application environments are subject to established data security tools that have proven effective over time, including:
In a recent webinar, Eze Castle Integration's experts discussed IT priorities for investment firms in 2019 including:
Outsourcing to the Cloud: From public to private to hybrid, cloud outsourcing trends for 2019 and beyond
The New Age of Security: Required safeguards to securely leverage the cloud and operate in 2019
Leveraging Technology and Tools: The best-in-class technologies and tools your peers are utilizing
Continue reading for a recap of the webinar, or scroll to the bottom of the page to watch a replay of the presentation!
By now, we know that cloud outsourcing is inevitable. Whether you’ve already moved to the cloud, or plan on moving soon, the most important thing is that you have the appropriate layers of security to ensure your sensitive data and information is protected.
Ultimately, you’re looking for a single, secure and seamless solution on any cloud path your firm selects.
If you aren’t sure which cloud model is the best fit for your firm, you can bring in a consultant (hint: think Eze!) to help you choose which model is best for your firm specifically.
Security First Approach
Again, whichever model you choose, taking a security-first approach is the key to success in 2019. With potential threats such as malware, social engineering, external hacking, and insider data leakage/theft, mobile device theft and physical security attacks, it's critical to have an up-to-date understanding of the threat landscape to protect what your valuable data and implement the appropriate layers of security.
A security-first approach requires different components in order to create a secure foundation to operate a company such as:
Email Security Components
Cybersecurity/Advance Security Measures
- Employee Security Training
Technology plays a vital role in determining how successful organisations are in meeting their goals. Together, the right technology and IT strategy enables a firm to practice agility through adapting its business models to changing needs of the firm, as well as enhancing existing services and products to meet the ever-evolving needs of the market. Having the right security practices in place is also fundamental to ensuring a firm’s reputation remains intact no matter how aggressive the cyber threat landscape may become.
This blog article will share steps to building the best technology platform to deliver your organisational goals in today’s digital age.
At Eze Castle Integration we work with clients to utilize both public and private cloud tools in their disaster recovery strategy. Increasingly we are seeing firms consider utilizing Microsoft Azure as part of their disaster recovery design to mitigate risk. Below is a Microsoft infographic highlighting how Azure can enhance disaster recovery.
We also have a handy whitepaper on taking a hybrid approach to disaster recovery, which you can download here.
Categorized under: Cloud Computing