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cyber-crime

Cybersecurity not a priority despite breaches costing UK firms $38 billion

August 4, 2017

Senior managers in finance and insurance are the most concerned about cybersecurity but only 60% classify it as a “very high priority,” research finds.

Senior managers in finance and insurance are the most concerned about cybersecurity but only 60% classify it as a “very high priority,” research finds.

London-based property firm Savoy Stewart called on businesses to take cybersecurity seriously after it looked at research by Gov.uk on the attitudes of more than 1,500 UK companies in 11 sectors.

WannaCry: How can family businesses boost their cyber security?

May 19, 2017

In the wake of the WannaCry cyber attack which infected 200,000 computers in 150 countries, family businesses are asking how they can best protect themselves.

In the wake of the WannaCry cyber attack which infected 200,000 computers in 150 countries, family businesses are asking how they can best protect themselves.

The Global Family Office Report found 15% of family offices admitted being victims of a cyber-security breach and most hacks resulted in resulted in losses of $50,000 or less. However, one case resulted in the loss of $10 million or more and industry commentators suspected the real number of family offices attacked was far greater.

UK family firms at risk of cyber-attacks but less prepared to defend themselves

March 22, 2017

A quarter of British family businesses feel vulnerable to digital disruption but just over half have ever discussed the threat from cyber criminals in the board room, says PwC research.

A quarter of British family businesses feel vulnerable to digital disruption but just over half have ever discussed the threat from cyber criminals in the board room, says PwC research.

Digital apathy was greater in the global private sector than the global public sector, with 68% of private company chief executives concerned about the speed of technological change compared to a greater 74% of global public companies. A lowly 41% of private company chief executives were not concerned about cyber threats compared to 65% of global public companies.

Dot conned: Cyber crime's war on family offices

January 3, 2017

Robocrooks are massing at the cyber gates but Asia-Pacific family offices are slow to build up their online immune systems

Robocrooks are massing at the cyber gates but Asia-Pacific family offices are slow to build up their online immune systems.

Complacency could be one of the biggest threats to family offices, as they deal with the ever-present, if largely hidden, danger posed by cyber-crime. Research shows the family office community is especially vulnerable to these attacks.