The threats facing asset managers today are not only physical or political, they are increasingly digital.
As geopolitical tensions rise, so too does the risk of state-sponsored and criminal cyber attacks that target the core of operational resilience. AI innovation is accelerating cyber attacks, with one executive speaking at IMpower FundForum noting that in the last year there has been a 1200% increase in phishing attacks.
Marks and Spencer suffered a serious attack over the Easter weekend. The ransomware attack is believed to have been carried out by the DragonForce gang and ended up costing the high street shopping chain £300 million in operating profit.
