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Digital Subscriptions > The Hedge Fund Journal > Issue 112 - March | April 2016 > Cybersecurity


Understanding your responsibilities

To get a sense of how big an issue cybersecurity is these days, you need only turn on the news. It seems that every week another household brand suffers a major breach. In the past 12 months alone, Lloyds, Barclays, and JP Morgan all lost customer data, cyberterrorists triggered a flash crash on NYSE, and the 2014 HeartBleed bug compromised tens of thousands of websites. The age of the cyber threat is well and truly here. Yet this wall-to-wall coverage can create the impression that cybersecurity is mainly the province and concern of the big boys. While it is the major attacks that make the headlines, more than 60% of all cyberattacks are targeted at small businesses, and, in the US at least, one in two small firms report having been targeted. This makes sense, for the same reason that smaller businesses are more likely to be targeted by criminals – less security provides more opportunities.

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INFORMING THE HEDGE FUND COMMUNITY With access to some of the industry’s biggest names and an astute and talented group of writers and contributors, The Hedge Fund Journal has established itself as a trusted source of information on the hedge fund industry.