System integration has created cyber threat
July 31, 2015 - Firm News
Today's world has never been more interwoven. Cybersecurity risks have grown exponentially as global businesses have become more integrated with counterparties and system architectures have grown in complexity. In the opinion of Gerhard Grueter, co-founder of Lawson Conner, a market leader in compliance solutions for the investment fund industry, the topic is only going to get bigger.
"Today, cybersecurity has become a genuine commercial issue that can bring down entire firms because of reputation risk and regulatory risk. The threat today is nothing like what it was five years ago. It is now an active market of cyber criminals deliberately going after data and attacking firms that have become much more integrated," says Grueter.
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