Bringing managers and investors together to set standards for the hedge fund industry

Cyber Security

Cyber security has become an increasingly prominent focus of the industry. Regulators also are taking a strong interest in understanding and assessing the resilience of regulated firms to cyber-attacks. The HFSB Cyber Security memo provides:

  • Overview of existing high-level cyber risk management tools
  • Framework to identify a firm’s key digital assets (“crown jewels”)
  • List of practical “quick win cyber security action items” and “cyber security projects”
  • Development of an “Incident Response Plan”
  • Overview of regulatory expectations

The HFSB also runs table-top cyber-attack simulation exercises with its Signatories and Investor Chapter Members to help the industry explore responses to realistic attack scenarios, including data theft, financial infrastructure attack and crypto ransomware.