Hedge Fund Technology Security

Hedge Fund Technology Security
Best Practices, Potential Threats, & Helpful Tips

A Few Statistics…
46% of SMBs have been victims of cybercrime.
31% are operating without anti-spam protection.
23% have no anti-spyware in place.
15% have no firewalls in place.
13% are operating without any security systems in place at all.
Source: http://press.pandasecurity.com/wp-content/uploads/2010/08/2nd-International-Security-Barometer.pdf

Six Basic but Overlooked Security Practices

Passwords are essential but simply having one isn’t enough.
Avoid leaving passwords on sticky notes or under keyboards.
Use new passwords immediately and often.
Create strong passwords.
Consider substituting letters for numbers and vice versa.
Change passwords every 30-90 days.

Remember to lock the doors.
Be sure to keep doors locked at the end of the day or when the front desk is unattended.
Laptops are easy prey while traveling.
97% of stolen computers are never recovered.
Do not leave laptops unattended in public areas.

Add local security measures.
Use portable locking mechanisms, active directory, biometrics, and encryption.
PDAs need protection too.
Blackberrys, iPhones, and other
PDAs provide access into a
company’s network and should
be secured to avoid intrusion.

Malware Definitions and Security Tips

Types of Malware
Virus
A program that can infect a computer and replicate itself, spreading from one PC to another over a network
Can also be spread via removable media, such as USB drives, DVDs, and CDs
Worm
Another form of self-replicating malware
Does not require any action on the part of the user to be spread

Types of Malware continued
Trojan Horse
A malicious program that disguises itself as a legitimate application
When the user initiates the program, the hacker gains access to the user’s PC and information stored there
Spyware
Malware that collects bits of information about a user over time
Typically installed discreetly and hidden, making it very difficult to detect

Tips for Protecting Your Data from Malware

Ensure that all anti-virus programs are up to date.
Ensure that all Microsoft patches are deployed in a timely manner.
Deploy a program that constantly scans the network for malware and removes threats.

How Secure are Your iPhone and iPad?

Although they offer many advantages to busy investment professionals on the go, there are a few considerations to be mindful of before purchasing an iPhone or iPad for corporate use:
They contain only consumer-grade security encryption, so they create vulnerable points of entry into the network.
Even iPhones that require a PIN for access can be easily hacked by connecting the device to a computer or laptop.

Once a hacker has gained physical access to your device, he or she can upload the data stored on it onto a PC or laptop and introduce malware into the network, leaving no noticeable evidence of the intrusion.
iPhones and iPads do not currently have the ability to archive email and IM communications, which could lead to compliance issues for your firm.

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Hedge Fund Technology Security

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