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IBM Moves to Deliver Cyber Security to Hedge Funds

tumblr_inline_mif9p0aVmD1qz4rgpNew York (HedgeCo.Net) – According to IBM’s 2014 IBM X-Force Threat Intelligence Quarterly, the financial services industry offers hackers significant potential payoff, accounting for over 20% of all security incidents.

“ACE IT Solutions has partnered with IBM to provide security services that help hedge funds mitigate cyber security risks and meet SEC mandates.” The companies said in a press release this morning. “This partnership is timely as the SEC has just issued a risk alert detailing its plans to examine financial firms’ cyber security preparedness.”

Screenshot 2014-04-24 05.28.10

The new IBM company plans to focus on customizeing to meet the needs of any size fund and include:

    • Review of Internet security policies and procedures
    • Assess cyber security preparedness
    • Penetration testing
    • Managed security and event management
    • Firewall management
    • Intrusion detection and prevention system management
    • Managed protection services, unified threat management
    • Hosted security event and log management
    • Hosted vulnerability management

Links:
Opening Statement at SEC Roundtable on Cybersecurity

The SEC’S Examination Priorities for 2014

Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
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