Cybersecurity for Family Offices Begins with Awareness

Over the last five years, cyberattacks have moved away from targeting millions of dollars in a single attack to targeting transactions of $100,000 or less at smaller organizations. With limited security and lack of awareness, family offices are attractive targets for cybercriminals. By taking a business-minded approach and understanding the strategy and methodology driving prevalent cyberthreats, family offices as a risk manager can more clearly identify vulnerabilities in their cybersecurity protocols and risk profiles. A trusted advisor with knowledge and experience in crucial areas—finance operations, managed IT services, accounting systems, cybersecurity—can help establish continuity between them.