Family Office Technology Hub
Protecting the Family and the Office: BlackCloak, Abacus and Copia Wealth Studios
Jul 26, 2024
In this insightful discussion, Chris Pierson, CEO of BlackCloak, tackles the pressing issue of cybersecurity for high net worth families, especially after the CrowdStrike incident. Michael Sikorsky of Copia offers innovative portfolio management solutions, emphasizing the blend of speed and security. From Abacus, Paul Ponzeka shares how specialized IT services can safeguard family offices. The trio highlights the growing need for multi-layered cybersecurity strategies, tailored technological solutions, and the importance of robust response plans in today’s uncertain digital landscape.
59:30
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Quick takeaways
- The CrowdStrike incident serves as a crucial reminder for family offices to upgrade their cybersecurity measures and practices accordingly.
- Education and awareness programs are essential in empowering family members to recognize and respond effectively to potential cyber threats and scams.
Deep dives
Impact of the CrowdStrike Incident
The recent CrowdStrike incident highlighted vulnerabilities for family offices regarding cybersecurity. Cybersecurity experts discussed how the incident may lead to a reevaluation of security practices, pushing family offices to upgrade their security stacks. Many family offices may need to consider investing in advanced endpoint detection and response (EDR) tools to guard against similar breaches in the future. This incident serves as a wake-up call, reinforcing the necessity for robust cybersecurity measures amid growing cyber threats aimed at high net worth individuals.
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