The Exchange (AUG) members benefit from Tier1Net’s Cybersecurity Presentation
Recently, Cybersecurity experts Marc Capobianco and Patrick Ramsdell presented at a conference regarding the future of Cybersecurity at The Exchange (formerly Advent User’s Group) technology round table. The sold out event was attended by many of Boston’s prominent Wealth Management firms.
2018 will go on record as one of the worst years for data breaches with over 3600 breaches reported involving more than 3.6 Billion records. Cybercriminals have rapidly acquired new cyber weapons and modified the ways they launch cyberattacks.
Weapons and attack capabilities that were previously only used by large-scale nation-state operations are now falling into the hands of the everyday criminals. 43% of these attacks target small businesses. Today’s attackers are more sophisticated and capable of exploiting weaknesses at previously unseen speed and scale.
The average security incident takes 240 days to detect and 87% of these incidents are first discovered by external sources. As such the need for advanced detection and response technologies is greater than ever.
Tier1Net discussed the benefits of its Cybersecurity Business Operating Platform for Financial Services Organizations. This advanced platform meets the current regulations, is ahead of newly proposed compliance regulations and includes four distinct tiers leveraging Hybrid Artificial intelligence and Advanced Machine Learning technologies.
What attendees had to say:
“A truly enlightening session. Tier1Net presented a detailed overview of cybersecurity trends combined with specific examples of attacks they are currently seeing targeting financial firms. With each example they explained strategies and solutions they can offer to stay ahead of these threats and also meet current and upcoming compliance regulations. Its clear Tier1Net understands the challenges firms like ours face.” ~ Kristin Vespucci-Case, Boston Financial Management
“Tier1Net’s cybersecurity roundtable was very informative. Not only did they give us an update on the current cyber landscape but they also provided us with some practical solutions that were appropriate for a company of our size. It was time well spent!” ~ Patricia Melnick, Prio Wealth
If you are a financial service firm in need of guidance regarding Cybersecurity Best Practices and Compliance, please contact Tier1Net at 781-935-8050 to inquire about our Cybersecurity Business Operating Platform for Financial Services Organizations.