Cybersecurity has become a top operational due diligence priority
Cybersecurity is a technically complex, rapidly changing area. Cyber also falls outside the traditional ODD competencies of accounting, operations and legal.
In Castle Hall's discussions with asset owners, we have heard new concerns around cyber:
- Beyond the basics, how do I know which cyber questions to ask - and what do I make of the responses?
How do I assess, manage and monitor cyber risks across my portfolio of external managers?
As an asset owner, what actions should I take with external managers who have higher cyber risk?
CyberSecurityDiligence answers these questions. Designed by Castle Hall's tech team, CyberSecurityDiligence offers a practical, independent solution to support asset owner due diligence.
On August 7th, the SEC’s OCIE released a Risk Alert outlining findings and observations from their Cybersecurity 2 Initiative – a follow-up from the initial 2014 examination of the preparedness and measures in place among firms in the asset management sphere.
Castle Hall’s executive consultant for Asia-Pacific, Alex Wise chaired a Cyber Security for AIMA at Morgan Stanley in Sydney today.
Author: Trevor Bennett, Information Technology Manager for Castle Hall Alternatives
Businesses worldwide have been impacted by WannaCry/WannaCrypt, the largest ransomware attack to date. Multiple bodies have issued warnings on the subject, and at time of posting, SEC has just issued a Risk Alert in response to an attack which has, to date, compromised more than 200,000 computers in over one hundred countries.
Castle Hall Alternatives, alongside other industry specialists and practitioners, was invited by AIMA to address the importance of cybersecurity preparedness in the alternative asset industry during a panel discussion held in Montreal on April 25, 2017. Contributing to the discussion was Castle Halls’ Max Kimpton – ODD Senior Manager.