October is Cybersecurity Awareness Month, and since we've written A LOT about security over the last few years, we thought it would be helpful to share some of our favorite articles. Here are some of Eze’s latest and greatest cybersecurity articles - happy reading!
20 Cybersecurity Dos and Don'ts Your Employees Should Follow
What’s the Difference Between Next-Generation Firewalls and Traditional Firewalls?
Six Myths about Hedge Fund Cybersecurity
Is “Smart” Technology Invading Your Privacy?
Top 10 IT Security Audit Gaps and How to Avoid Them
An Achievable Calendar for Cyber Security Plan Implementation
Will Outsourcing Shield You from Cyber Threats?
Here Are Investment Managers' Biggest Cyber Security Fears
When September rolls around, Apple users await the annual release of the newest Apple products. This year was something special. It has been 10 years since the first ever iPhone came out! The original iPhone ran on OS X, lacked 3G (meaning you could only get online when connected to Wi-Fi), and didn’t include an App store. All in all, it's pretty remarkable to see how far Apple has come since 2007. But before we get to the new iPhones (yes, plural!), let's take a look at some of Apple's other exciting announcements.
Watch Series 3
Apple Watch has just recently surpassed Rolex and is now the #1 watch in the world. And for the first time ever, Apple Watch now has cellular built in. This means you can have the freedom to go anywhere with just your watch – no iPhone necessary! When the iPhone is left behind, your Apple Watch will allow you to make and receive phone calls and send text messages from your same phone number. You will be able to utilize the maps function, plus 'Find My Friends' will update your location based on where you and your watch are. Cellular and Apple Music allows users to stream up to 40 million songs. The new Watch is swimproof, 70% faster, allows for up to 18 hours of battery life and comes in a variety of new bands and colors.
With hurricane season fully upon us and Irma bearing down on Florida, firms must ask "Would my firm be ready if there were an emergency today?" and "Would your employees know what to do?" September is National Preparedness Month (NPM) which is sponsored by the Department of Homeland Security and FEMA’s The Ready Campaign in an effort to increase awareness for individuals, businesses, families and communities. NPM aims to encourage the public to make preparedness a part of their daily lives and stresses the importance of being ready for the unknown.
Why should you focus on being prepared?
By teaching your employees why to prepare, your firm will not only demonstrate its importance, but employees will also maintain this knowledge and expertise that will help keep the business operational. Preparation can mean the difference between a successful and failed recovery, both personally and professionally. Educating your employees on what they’ll need at home, where to go, who to contact, etc. will equip them with the right information they’ll require at the time of an incident. With the proper information readily available, employees can focus on helping resume business operations more quickly.
Eze Castle Integration recently announced an expanded relationship with Liquidnet, a company historically known for their global institutional dark pool trading network that connects asset managers with liquidity. With the topic of dark pools on our minds and the European regulation MiFID II looming we started wondering about coming changes.
According to a recent Bloomberg article, “…MiFID II, just six months away, looms large over European operators of dark pools -- they introduce a cap on transactions that would by one estimate bar three quarters of big European stocks from the trading venues. Investors love dark pools because they allow them to trade big orders without tipping off the market to their intentions. That demand isn’t going anywhere, so firms have been rushing to roll out services that allow investors to sidestep the rules.”
To assist firms in determining if and how they may be affected, Liquidnet published the following chart.
Categorized under: Communications
In Part 1 of our hybrid cloud whitepaper excerpt, we reviewed the primary benefits to public, private & hybrid cloud infrastructures, and reviewed a number of considerations including service & support, availability and uptime, and proximity. In Part 2 below, we dive into additional factors to contemplate, specifically: security, application hosting and cost. Remember, to download the full whitepaper, Is Hybrid Cloud Right For Your Firm?, click here.
While your public cloud provider may provide world-class security for its services, your company is still on the hook for certifying all aspects of information security. For compliance-driven businesses, there are still countless vulnerabilities and exposures that public clouds often fail to address. Advancing security features such as multi-factor authentication, targeted attack protection and managed phishing simulations are gaining traction among private/hybrid cloud users who benefit from their providers’ extensive managed security services.
Multi-factor authentication requires at least two authenticating factors to log into a system or network (e.g. strong passwords, security tokens, fingerprint scanning) and can add an additional layer of security for users across email, applications, etc.
Since email often serves as a gateway for hackers to surreptitiously penetrate networks, it’s become essential for firms to employ targeted protection tools and advanced email precautions to ward off these threats. That’s one of the many advantages a private cloud provider can bring to a firm. For example, next-generation security technology can protect private cloud users from attacks delivered through email, social media and mobile applications, prevent advanced attacks, and minimize compliance risks.
Categorized under: Cloud Computing Security Operational Due Diligence Outsourcing Launching A Hedge Fund Private Equity Hedge Fund Operations Hedge Fund Regulation Infrastructure Communications Trends We're Seeing
Below is an excerpt from our whitepaper, Is Hybrid Cloud Right For Your Firm?. If video is more your style, scroll to the bottom and watch our 30-minute webcast on hybrid cloud considerations for financial and investment firms.
With its security, privacy, and performance, the private cloud has been the go-to option for financial and investment firms that require enterprise-caliber IT infrastructure. In most cases, that private cloud is professionally managed by a service provider solely focused on monitoring, managing, and maintaining that infrastructure to meet business requirements and compliance directives. Thus, firms benefit from seasoned, industry-experienced professionals who live and breathe financial IT.
For many firms, so-called public cloud infrastructures offer compelling opportunities and advantages. For many smaller and younger firms in particular, the flexibility and ease of deployment are persuasive drivers. What’s more, the initial costs appear to be lower for certain feature sets (although an analysis of the total cost of ownership indicates that advantage is less clear-cut).
Hybrid Cloud: Bringing Them Together
Fortunately, investment firms needn’t take an “either/or” approach to their IT infrastructures. With a hybrid cloud approach that combines many of the most compelling features of public and private clouds, firms can leverage a uniquely flexible platform that meets a broad range of needs.
Which Cloud Has the Edge?
The decision regarding your IT infrastructure has significant implications on the ability of your investment firm to gain and maintain a competitive advantage. As you weigh your options – public, private or hybrid – it can be beneficial to consider the following aspects of cloud architectures and weigh their importance as unique to your individual firm.
Last month, the Eze Castle Integration team in London celebrated its 10th anniversary. The momentous milestone was marked with a staff party at a traditional pub on the River Thames with panoramic views of the city. I recently sat down with Simon Eyre, director of service, who was one of the three employees transferred over from New York to help setup the London office, to talk about the ten years in an ever-changing technology landscape and look into the future.
Wishing all of our clients, partners and friends a happy and safe Fourth of July!
Categorized under: Communications
Technology is only effective if it’s supported by a robust network infrastructure. And despite that you can’t see it, your network is one of the most powerful (and underrated) components to your IT operations.
During a recent webinar, Eze Castle Integration's VP of Network Services, Mike Abbey, discussed trends in networking technology and highlighted the power behind your firm’s network. Some areas he explored during the 20-minute discussion include:
How private networks differ from traditional Internet lines
Why global private networks are particularly advantageous for financial and investment management firms
How Internet of Things devices - and the multitude of devices in general - are impacting network infrastructure requirements (speed, bandwidth, etc.)
What benefits/advantages firms can gain from direct peering and connectivity
Watch below or click here for our full webinar.
In today’s market, the pressure from both investors and regulators is at a steady incline. Reporting obligations have grown complex, transparency is in high demand and compliance technology has become a vital component to a firm’s success. With various demands tug-o-warring hedge fund managers in multiple directions, a Client Relationship Management (CRM) platform could be the solution your financial firm has been searching for.
That is why firms are increasingly adopting Ledgex CRM, the revolutionary, stand-alone Client Relationship Management solution offered by our sister company, Ledgex Systems. Ledgex CRM is ideal for managing and tracking investor communications, sales pipelines, client relationships and capital movements. The highly configurable, centralized platform is tailor-made for hedge funds, family offices and asset allocators.
The product offers the sophisticated Client Relationship Management capabilities necessary to raise and retain more assets, maintain and grow clients, provide outstanding client service and meet heightened reporting requirements. Out of the box, the web-based solution delivers efficiencies, transparency and flexibility without increasing headcount or costs. By streamlining investor relationship management and capital activity, Ledgex CRM enables managers to optimize their time and focus on fostering relations and growing business.