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The Advantage of AMTD for Investment Companies

Hey there, fellow Bay Area dwellers. Let’s chat about cybersecurity, focusing on the hedge fund industry today. We’ve seen firsthand how breaches can compromise institutions’ significant operations, giving bad actors access to whacks of data, proprietary information, algorithms, and—worst-case scenario—trading terminals. I mean it’s kind of scary, right? But thankfully, there’s always a way to counteract these security risks, even if sometimes the solutions create new challenges.

For example, you’ve got all manner of potential pitfalls with your compute-intensive solutions, which can slow things down almost to a stop. Then you have your alert systems—great when they work, but a misfired alarm can create major financial havoc if it messes with the trading software. Been there, done that, right? And let’s not forget the complexity of financial platforms with their ever-changing configurations—just goes to show the hurdles we need to overcome to keep our digital house safe.

But here’s the real challenge, folks: trying to protect an institution where the systems are notoriously finicky, really sensitive to performance fluctuations, and can’t have even a sneeze worth of interference or operational hiccups. The traditional security measures users tend to try are often handicapped by restricted settings, leading to less than stellar performance. We’re talking missed incidents, delays, and crazy remediation costs. I mean, can you imagine missing up to two crucial workstation events in a quarter? That’s a whole lotta overtime for the tech team.

Let’s not forget that even a small, humble firm has hundreds of terminals or endpoints with countless assets under management. This creates a kind of huge neon sign for cyber attackers. To add to the danger, financial platforms often bypass firewall and other frontline defenses, making them a ripe target for attacks.

Over the years, we’ve seen some stealthy threats hanging out undetected on these platforms for months, even in the tightest of security environments. Imagine, if you will, a sly backdoor entry waiting patiently to be exploited. Yep, this nastiness can fly under the radar, even with some heavy-duty scanning-based solutions running.

Got you biting your nails yet? Don’t worry. Our field of cybersecurity is always evolving, and there’re some innovative solutions out there. One exciting approach now gaining ground is Automated Moving Target Defense (AMTD). Instead of sitting and waiting passively for potential threats, this solution shakes things up, making the attack surface totally unpredictable.

Imagine your endpoints changing constantly, presenting decoy targets while, incredibly, functioning without issues for the legitimate processes. This dynamic strategy doesn’t even need to see signatures or Indicators of Compromise (IOCs) to act—it’s all part of its M.O.

Fact is, a hedge fund does well in a volatile market, but needs smooth, reliable, and—you guessed it—bulletproof security mechanisms. Recently, in one case we noted, a major hedge fund immediately reported a 99% reduction in false positives after implementing a security upgrade. The boost in system uptime saved them a whopping 10 million a year in potential losses. Now that’s a win-win if we ever saw one.

So yeah, we need something that not just tightens up on security but also smoothes out operations, leaving the chaos up to the moneymakers, eh? With futures looking bright, it’s clear that cybersecurity’s more crucial than ever, and with advances like AMTD, we’re clearly moving in the right direction. Now, let’s navigate this digital future together, one cautious step at a time. How’s that for a chat?

by Morgan Phisher

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