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| Talan - Site groupe",[88,92,96],{"frontpage":89,"url":90,"label":91},true,"\u002Famericas\u002Fen","Home",{"frontpage":93,"url":94,"label":95},false,"\u002Famericas\u002Fen\u002Fall-our-insights","All our blogs",{"frontpage":93,"url":97,"label":98},"","How to prepare for the cyber security risks associated to Asset & Wealth Management sector ?",{"meta":100,"link":108},[101,103,106],{"name":102,"content":86},"title",{"name":104,"content":105},"robots","index, follow",{"property":107,"content":97},"og:image",[109,112,115,117],{"rel":110,"href":111},"canonical","https:\u002F\u002Fwww.talan.com\u002Famericas\u002Fen\u002Fhow-prepare-cyber-security-risks-associated-asset-wealth-management-sector",{"rel":113,"hreflang":114,"href":111},"alternate","en-US",{"rel":113,"hreflang":8,"href":116},"https:\u002F\u002Fwww.talan.com\u002Fglobal\u002Fen\u002Fhow-prepare-cyber-security-risks-associated-asset-wealth-management-sector",{"rel":113,"hreflang":118,"href":116},"x-default","json",{"element":121,"created":122,"headerBody":123,"image":124,"linkedMajorExpertises":138,"title":98,"type":148,"uid":149,"nid":150,"href":151,"lang":8,"domain":6,"libraryOfBloc":152},"node-insight","1731327335","In this article by Nicolas Cambolin, learn how the expansion of cloud services increases the cyber security risk, particularly in the financial sector, and how to adapt the defence strategy accordingly.",{"element":125,"mediaImage":126,"type":137},"media-image-responsive-half-banner",{"element":127,"content":128},"field-image",{"srcset":129,"sizes":130,"url":133,"alt":134,"width":135,"height":136},"https:\u002F\u002Fstatic.talan.com\u002Fs3fs-public\u002Fstyles\u002Fhalf_banner_400\u002Fpublic\u002F2024-10\u002Fpng%20%2819%29.png.webp?itok=qbwL-Nu8 400w, https:\u002F\u002Fstatic.talan.com\u002Fs3fs-public\u002Fstyles\u002Fhalf_banner_700\u002Fpublic\u002F2024-10\u002Fpng%20%2819%29.png.webp?itok=YGF_2RbA 700w, https:\u002F\u002Fstatic.talan.com\u002Fs3fs-public\u002Fstyles\u002Fhalf_banner\u002Fpublic\u002F2024-10\u002Fpng%20%2819%29.png.webp?itok=Q1YuWPAI 1200w",{"400":131,"700":132,"1200":133},"https:\u002F\u002Fstatic.talan.com\u002Fs3fs-public\u002Fstyles\u002Fhalf_banner_400\u002Fpublic\u002F2024-10\u002Fpng%20%2819%29.png.webp?itok=qbwL-Nu8","https:\u002F\u002Fstatic.talan.com\u002Fs3fs-public\u002Fstyles\u002Fhalf_banner_700\u002Fpublic\u002F2024-10\u002Fpng%20%2819%29.png.webp?itok=YGF_2RbA","https:\u002F\u002Fstatic.talan.com\u002Fs3fs-public\u002Fstyles\u002Fhalf_banner\u002Fpublic\u002F2024-10\u002Fpng%20%2819%29.png.webp?itok=Q1YuWPAI","Digital-garden-talan-33","1300","731","image",[139,144],{"element":140,"id":141,"name":142,"href":143},"taxonomy-term-expertise-category","1266","Cybersecurity","\u002Famericas\u002Fen\u002Fall-our-insights?expertise=1266",{"element":140,"id":145,"name":146,"href":147},"1270","Data","\u002Famericas\u002Fen\u002Fall-our-insights?expertise=1270","insight","16","1012","\u002Famericas\u002Fen\u002Fhow-prepare-cyber-security-risks-associated-asset-wealth-management-sector",[153],{"element":154,"hideSeparator":155,"type":156,"wysiwyg":157},"pg-wysiwyg","0","wysiwyg",[158],"\u003Cp>\u003Cstrong>All business sectors, without exception, public or private, face growing cyber security risks. Targets are detected automatically and globally ; there is no distinction between a hospital or a bank.\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>The expansion of cloud services, particularly in the financial sector, increases this risk and invites companies to adapt their defence strategy accordingly.\u003C\u002Fp>\u003Cp>External or internal attacks generally aim to degrade the availability, integrity,&nbsp;confidentiality&nbsp;and traceability of an&nbsp;organisation’s&nbsp;information system components to derive a profit. The Covid-19 crisis has brought about radical change by&nbsp;generalising&nbsp;remote working and accelerating the adoption of cloud services. This unprecedented move immediately raised questions about the impact on&nbsp;information&nbsp;security.&nbsp;&nbsp;\u003C\u002Fp>\u003Cp>According to the report of the European Commission “Cybersecurity – Our Digital Anchor”,&nbsp;cyber crime&nbsp;cost 5,500 billion euros worldwide in 2020. The variety and sophistication of attacks is growing, and it has become a strategically important topic for states. The main forms of attacks are Social Engineering (spear fishing, fishing, scareware, Business Email Compromise, etc.), Ransomware, DDoS (Distributed Denial of Service) and the exploitation of vulnerabilities in third-party software and cloud services.&nbsp;&nbsp;&nbsp;\u003C\u002Fp>\u003Cp>Recent examples illustrate this new reality. In May 2021, Colonial Pipeline, a major US&nbsp;oil transportation operator, saw its operations blocked by a ransomware. The shutdown of the pipeline is rapidly causing fuel shortages. The bitcoin ransom ($4.4 million)&nbsp;was&nbsp;quickly&nbsp;paid,&nbsp;and a program&nbsp;s sent by cyber criminals to unblock the situation. The support of the F.B.I. will make it possible to recover nearly half of this amount. The attack also allowed the theft of employee&nbsp;data,&nbsp;and it appears that an unused but active account with remote VPN access without strong authentication allowed entry into the company's information system.&nbsp;&nbsp;\u003C\u002Fp>\u003Cp>Asset and wealth management players have been relatively spared to date,&nbsp;as the attacks have been largely concentrated on retail banks or insurers (cf. Flagstar, CNA Financial or&nbsp;Axa). However, the financial stakes are at least&nbsp;equivalent,&nbsp;and this could therefore change.&nbsp;&nbsp;\u003C\u002Fp>\u003Cp>For&nbsp;companies&nbsp;under the supervision of an AMF, FINMA or CSSF regulatory authority, these threats incur a dual risk, both operational and non-compliance with regulations such as the level of capital, data retention or business continuity plan and (IT) resources. The sector focuses heavily on the former and sometimes neglects the latter. Priority is given to data protection,&nbsp;such as the identity of investors, the content of managed portfolios or proprietary investment strategies.&nbsp;&nbsp;&nbsp;\u003C\u002Fp>\u003Cp>Since the authorities have paved the way (supervised) for cloud companies, projects have been multiplying. The aim is therefore to ensure that their security system fully integrates the&nbsp;hybridisation&nbsp;between the internal information system and the cloud, following the&nbsp;following&nbsp;logic:&nbsp;\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cstrong>Identify \u003C\u002Fstrong>: accurately map cloud-hosted applications and their links with internal applications; master the shared responsibility model on security between cloud providers and the enterprise (IaaS,&nbsp;PaaS&nbsp;and SaaS) as well as the cloud security services that are activated (VPN, Key Management System, SIEM, etc.);&nbsp; \u003C\u002Fli>\u003Cli>\u003Cstrong>Protect \u003C\u002Fstrong>: control the interconnection and partitioning of the cloud network – internal (e.g. IPS VPN tunnel); secure data in the cloud in transit - storage - in use according to their classification level, filter the internal\u002Fcloud IS flows in both directions, manage identities and access rights synchronously internally - cloud; administer the security of privileged access rights such as cloud console administration accounts; manage \"nomadic\" remote access, particularly those that access cloud applications;&nbsp; \u003C\u002Fli>\u003Cli>\u003Cstrong>Detect \u003C\u002Fstrong>: consolidate and correlate the detection and processing of cloud-internal incidents; ensure the logging of cloud security&nbsp;events; \u003C\u002Fli>\u003Cli>\u003Cstrong>Respond&nbsp;and&nbsp;Recover&nbsp;\u003C\u002Fstrong>:&nbsp;manage the Disaster Recovery\u002FBusiness Continuity Plan cloud backups; activate specific clauses with cloud providers.&nbsp;\u003C\u002Fli>\u003C\u002Ful>\u003Cp>The \"fortresses\" that had been built on-premises&nbsp;by banks to secure their sensitive data and that of their customers,&nbsp;as well as the culture of confidentiality,&nbsp;are confronted with hyper-connectivity, openness and&nbsp;hybridisation&nbsp;of&nbsp;information systems&nbsp;with cloud services. At the same time, cyber threats are becoming more sophisticated, increasing and attacking on all digital fronts. Asset &amp; Wealth Management players must,&nbsp;therefore,&nbsp;sharpen their security systems&nbsp;in order to&nbsp;cover these new borders and&nbsp;minimise&nbsp;operational and regulatory risks.&nbsp;\u003C\u002Fp>","default",{"element":161,"link":162},"block-header-contact",{"title":163,"href":164},"Contact us","\u002Famericas\u002Fen\u002Fcontact-us-americas",{"footer_top":166},{"footer_americas":167,"olivero_footerblock":195},{"element":168,"links":169,"logo":180,"subtitle":193,"title":194},"block-content-footer",[170,174,178],{"title":171,"options":172,"content":173},"Culture and values",[],"\u002Famericas\u002Fen\u002Fjoin-us\u002Fculture-and-values",{"title":175,"options":176,"content":177},"Your career",[],"\u002Famericas\u002Fen\u002Fjoin-us\u002Fyour-career",{"title":22,"options":179,"content":21},[],{"element":181,"mediaImage":182,"title":192,"type":137},"media-image-responsive-narrow",{"element":127,"content":183},{"srcset":184,"sizes":185,"url":188,"alt":189,"width":190,"height":191},"https:\u002F\u002Fstatic.talan.com\u002Fs3fs-public\u002Fstyles\u002Fmax_325x325\u002Fpublic\u002F2024-10\u002FTalan-curious-mind.png.webp?itok=aImG83Wz 325w, https:\u002F\u002Fstatic.talan.com\u002Fs3fs-public\u002Fstyles\u002Fmax_650x650\u002Fpublic\u002F2024-10\u002FTalan-curious-mind.png.webp?itok=SIEVvEZi 650w, https:\u002F\u002Fstatic.talan.com\u002Fs3fs-public\u002Fstyles\u002Fmax_1300x1300\u002Fpublic\u002F2024-10\u002FTalan-curious-mind.png.webp?itok=WnG6bPb- 840w",{"325":186,"650":187,"840":188},"https:\u002F\u002Fstatic.talan.com\u002Fs3fs-public\u002Fstyles\u002Fmax_325x325\u002Fpublic\u002F2024-10\u002FTalan-curious-mind.png.webp?itok=aImG83Wz","https:\u002F\u002Fstatic.talan.com\u002Fs3fs-public\u002Fstyles\u002Fmax_650x650\u002Fpublic\u002F2024-10\u002FTalan-curious-mind.png.webp?itok=SIEVvEZi","https:\u002F\u002Fstatic.talan.com\u002Fs3fs-public\u002Fstyles\u002Fmax_1300x1300\u002Fpublic\u002F2024-10\u002FTalan-curious-mind.png.webp?itok=WnG6bPb-","Talan-curious-mind-logo","325","310","Talan-curious-mind","We believe in the diversity of our profiles, the richness of our experiences, our differences of opinion - 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change","\u002Famericas\u002Fen\u002Fcapabilities\u002Ftalan-method\u002Ftalan-method-putting-data-service-change",{"title":700,"url":701},"Scaling projects","\u002Famericas\u002Fen\u002Fcapabilities\u002Ftalan-method\u002Ftalan-method-scaling-projects",{"title":680,"url":681},{"title":704,"url":705},"Mobilising ingenious and committed experts","\u002Famericas\u002Fen\u002Fcapabilities\u002Ftalan-method\u002Ftalan-method-mobilising-ingenious-and-committed-experts",{"title":707,"url":97,"below":708},"Our group",[709,711],{"title":710,"url":217},"Our locations",{"title":712,"url":713},"The Talan group ecosystem","\u002Famericas\u002Fen\u002Fabout-us\u002Four-group\u002Ftalan-group-ecosystem",{"title":404,"url":97,"cta_uri":715,"cta_title":716,"below":717},"\u002Famericas\u002Fen\u002Four-news","See all of our news",[718],{"element":379,"rows":719},[720,726,730,734,738],{"element":721,"title":722,"type":723,"nid":724,"href":725,"lang":8,"domain":6},"node-news-menu","TenSquare, the new brand dedicated to strategy consulting from the Talan group ","news","2743","\u002Famericas\u002Fen\u002Ftensquare-new-brand-dedicated-strategy-consulting-talan-group",{"element":721,"title":727,"type":723,"nid":728,"href":729,"lang":8,"domain":6},"François Soubien appointed CEO of Talan, propelling the group into a new phase of acceleration","2602","\u002Famericas\u002Fen\u002Ffrancois-soubien-appointed-ceo-talan-propelling-group-new-phase-acceleration",{"element":721,"title":731,"type":723,"nid":732,"href":733,"lang":8,"domain":6},"Thinkmax Is Now Becoming Talan","2068","\u002Famericas\u002Fen\u002Fthinkmax-now-becoming-talan",{"element":721,"title":735,"type":723,"nid":736,"href":737,"lang":8,"domain":6},"Insum Is Now Talan: The Same Oracle Experts, Backed by Global Innovation","1696","\u002Famericas\u002Fen\u002Finsum-now-talan-same-oracle-experts-backed-global-innovation",{"element":721,"title":739,"type":723,"nid":740,"href":741,"lang":8,"domain":6},"A new chapter to support you even better","1538","\u002Famericas\u002Fen\u002Fpasapas-become-talan",{"title":743,"url":97,"below":744},"Contractual Policies",[745,748,749,752],{"title":746,"url":747},"Appendix: Protection of Personal Information","\u002Famericas\u002Fen\u002Fabout-us\u002Fcontractual-policies\u002Fappendix-protection-personal-information",{"title":219,"url":220},{"title":750,"url":751},"Suppliers Code of Conduct ","\u002Famericas\u002Fen\u002Fabout-us\u002Four-vision\u002Fsuppliers-code-conduct",{"title":234,"url":235}]