By Todd Avery, Manager of Information Security at Abacus Group

Throughout the year, we send members of our dedicated security information team to industry conferences, so they can continuously gain insights into the latest threats and best practices in cybersecurity. Most recently, several members of our team attended the 2019 Cyber Security Summit in Dallas, Texas. Hosted in different cities each year, the purpose of this particular event is to bring together cybersecurity professionals to discuss the newest technologies and trends taking place in the cybersecurity world.

By John Carbo, Director of Information Security

The SEC OCIE published a risk alert recently entitled “Safeguarding Customer Records and Information in Network Storage – Use of Third Party Security Features” which contains three main observations:

• Misconfigured network storage solutions.
• Inadequate oversight of vendor-provided network storage solutions.
• Insufficient data classification policies and procedures.

Our AbacusFLEX and AbacusFLEX-Hybrid platforms are designed to meet or exceed regulatory security requirements by following policies and procedures set forth by NIST, COBIT, ISO, Center for Internet Security and the Cloud Security Alliance. 

Here is how Abacus addresses the OCIE Risk Alert’s observations:

January 28 is Data Privacy / Protection Day. Abacus Group is an official Data Privacy Day Champion. In addition to the infographic below, be sure to check out our post with data privacy tips and tools. #PrivacyAware 

Today, January 28, is officially Data Privacy / Protection Day.

Data Privacy Day began in the US and Canada in January 2008 as an extension of the Data Protection Day celebration in Europe. Data Protection Day commemorates the January 28, 1981, signing of Convention 108, the first legally binding international treaty dealing with privacy and data protection. Data Privacy Day is observed annually on January 28.

In partnership with the National Cyber Security Alliance (NCSA), Abacus Group has registered as an official Data Privacy Day Champion, showing our support and dedication for respecting privacy, safeguarding data and enabling trust. As part of our role as a Champion, we want to share some important data privacy tips and tools provided by the NCSA.

By Chris Grandi, CEO at Abacus Group 

I was honored to be invited as a speaker at Boston Private’s 2018 Venture & Private Equity Conference in Cape Cod, MA, last month. During the three-day event, I spoke at a roundtable along with Kevin Daury, CFO at Westview Capital Partners, about cybersecurity best practices. During the session, I provided tips and advice to CFO’s and COO’s on how to develop and manage a cybersecurity program for their firms.

Cybersecurity has become much more important in the investment management space. All managers are concerned about the protection and safety of their data and digital assets.

By Jonathan Bohrer, CFO at Abacus Group

I recently had the pleasure of attending several cybersecurity roundtables, including the HFM US Operational Leaders Summit in White Plains, NY, and an event hosted by Abacus Group in Boston for hedge fund and private equity COO’s and CTO’s, including several Abacus clients. As the operational leader of Abacus Group, being part of these events gave me the opportunity to discuss cybersecurity with my industry peer counterparts. I was also joined at both of these events by Abacus CISO Dave Parsons, and at our Boston event we also included a cybersecurity specialist from SentinelOne who contributed greatly to the discussion.