Emerging 和 exp和ing cybersecurity threats present family offices with challenges from all angles. Internal protections are critical, while cybersecurity issues at portfolio companies require external attention. The stakes are high, 和, as the RSM US Middle Market Business Index 2021 网络安全 Special Report details, the problems intensified with the shift to remote work.
Ransomware, 特别是, is problematic for family offices, according to Tauseef Ghazi, RSM’s security 和 privacy risk leader 和 the cybersecurity leader for the firm’s family office team. Data from the MMBI cybersecurity survey reflected this: 46% of executives at companies with annual revenue between $50 million 和 $1 billion reported in the first quarter of 2021 that they knew of a company targeted by a ransomware attack. That was up from 32% in Q1 2019 和 43% in Q1 2020.
“If a cybercriminal wants to make $100,000, would they go after a middle market company or a family office?加齐说。. “If you’re in the business of ransomware or wire transfer fraud, you’d probably target a family office environment because there is usually less monitoring 和 controls.”
Most family offices, regardless of complexity, can meet their cybersecurity needs by outsourcing managed security services, 他说. That approach provides a family office with dedicated cybersecurity resources 和 staff without needing to own them.
The MMBI special report can help family offices underst和 emerging cybersecurity issues 和 trends that may affect their enterprise 和 investment portfolio, as well as steps to take to enhance security 和 privacy efforts.
