Insights from Abacus Group

What can financial firms do to prevent and recover from a data breach?

Abacus Group - Nov 20, 2017

Cyber attacks on financial firms have become an increasing problem, as cyber criminals target market-sensitive information. Dave Parsons, Chief Information Security Officer (CISO) at Abacus Group, recently wrote an article featured on Information Age listing out eight priority steps to be taken by firms to help minimize risk.

Topics: Managed Service Providers- Private Cloud- Blog

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Fill Out That Operational Due Diligence Questionnaire

Abacus Group - Feb 24, 2014

Before a hedge fund signs on with an IT firm - cloud, network or otherwise - they have to know that the firm can handle any and all situations.

When it comes to IT and the Operational Due Diligence (ODD) process there are a few topics that come to mind on which funds need to put a great deal of focus and consideration. Infrastructure providers will assure you that data is secure and accessible, but the right questions need to be asked before making the full transition to the cloud. This is where the value of the Due Diligence Questionnaire (DDQ) really lies.

Topics: Private Cloud

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Best Practices to Ensure Security in the Private Cloud

Abacus Group - Jan 6, 2014

A private cloud environment significantly reduces risks by providing secure, multi-layer segmentation of client access and data.

As regulatory oversight across the financial landscape continues to drive greater transparency and stricter penalties, outsourcing to the private cloud has become an integral resource for hedge fund and private equity managers. 

Topics: Private Cloud- Blog

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Best Practices to Ensure Security in the Private Cloud

Abacus Group - Dec 20, 2013

As regulatory oversight across the financial landscape continues to drive greater transparency and stricter penalties, outsourcing to the private cloud has become an integral resource for hedge fund and private equity managers. Cloud infrastructure services are now synonymous with increased efficiency, decreased costs and added security. However, security in particular remains a key concern for many financial services firms. The costs a cloud services provider can incur in dealing with a security breach, both financially and to its reputation, can be devastating.

Topics: Private Cloud- Blog

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Running Fund Management Applications in the Private Cloud

Abacus Group - Nov 4, 2013

While there still remains a variety of questions surrounding the private cloud, and even cloud computing in general, one of the pressing inquiries among fund managers has been how to leverage these resources to run business applications without compromising operational integrity.  What does it mean to have an application “hosted” in the private cloud? What types of applications are we talking about here?  And why are more fund managers moving their applications to the cloud?

Topics: Private Cloud

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Cloud Computing: The Private versus the Public Cloud

Abacus Group - Sep 27, 2013

Although cloud computing has become a ubiquitous term in both personal and business technology,  what makes up a cloud solution remains somewhat of a mystery to many end users. Outside of the financial industry, cloud computing is something that has been widely used by consumer markets for years. From Hotmail and iTunes to Google and on-line retail banking services, cloud services have been at the core of technological innovations since before they were called cloud services.

Topics: Private Cloud

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