Family Office Technology Hub Protecting the Family and the Office: BlackCloak, Abacus and Copia Wealth Studios
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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.
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Basic Security for Family Offices
- Family offices should prioritize basic security measures like using YubiKeys.
- Have a designated response team or contact for security incidents.
Security Stack Diversification
- Smaller family offices should prioritize one security tool and ensure it's updated.
- Larger family offices could consider diversifying tools, but overcomplication can increase risk.
Focus on Solid Implementation
- Family offices should focus on solid EDR implementation and proper configuration, rather than multiple platforms.
- Overcomplicating systems increases outage risk, especially with limited resources.