Every fund manager knows that the risks of cyber attacks impacting the way they do business are exponentially rising. For some managers, knowing the proper approach to cybersecurity, within the limits of available resources and budget, can feel disorientating.
To overcome this, firms are best advised to think about taking a layered approach to building a robust cybersecurity posture. Eze Castle Integration refers to three tiers, with Tier 0 representing the most basic must-have protections. The next level up, Tier 1, is a standard framework that builds on the basics of Tier 0 and incorporates additional enhanced features and employee security awareness training; presently, this is where most investment managers fit.
The third, Tier 2, is considered an advanced tier and features state-of-the-art progressive tools, next generation firewalls and puts managers in the best possible light with institutional investors.
Each layer of the pyramid includes a number of measures that fund managers must have in place to handle a cyber attack. These can be broken down into four components:
- Perimeter & Network Security
- Access Control Measures
- Policies & Procedures
- Employee/User…
