Hedge Fund Security Tips: Avoiding Cyber Threats

Hedge Fund Security Tips: Avoiding Cyber Threats

Ten Hedge Fund Security Tips for Avoiding Cyber Threats

Cybersecurity scams come in all different forms. Whether you’re dealing with a virus, spam email, spyware, malware, or another threat altogether, there are several best practices you should follow that will help keep your hedge fund secure. But staying protected doesn’t have to be complicated. Today on the blog, we’re sharing ten simple, yet effective, hedge fund security tips.

Use antivirus or endpoint security software.
Make sure to install endpoint security software, or at the very least, traditional anti-virus software, on all your desktops and servers. Make sure to keep these programs up to date. Malware can spread very quickly, so ensure that you have infrastructure in place that can to update your firm’s computers seamlessly, frequently and on short notice. To protect your business from the threats of email-borne viruses, spam and spyware, make sure to run an email filtering software at your email gateway. And finally, don’t forget to protect the laptop computers and desktop computers that are used by remote employees. Viruses, worms and spyware can easily infiltrate your corporate network using these deviceshedge fund security tips.

Block file types that often carry malware.
Block executable file types because they often carry malware. Since it’s unlikely that your firm will ever need to receive these types of files from the outside world, you can block them without an issue.

Subscribe to an email alert service.
Consider adding a live malware information feed to your website or intranet to keep your customers and employees informed about the latest computer security threats. Here at RFA, we release a weekly security update on our corporate blog, and inform customers and employees of timely news throughout the week on our website.

Use a firewall on all computers.
You should use a firewall to protect computers that are connected to your corporate network. Many worms are able to enter even a closed network via USB drives, CD ROMs and mobile devices. Employees working from home will also need to ensure that their devices are protected by firewalls.

Stay up to date with software patches.
Make sure to perform patch updates on a regular basis, especially for Windows machines. Patches often close loopholes that can make your firm vulnerable to malware threats.

Back up your data regularly.
Make regular backups of important work and data, and check that the backups were successful. You should also find a safe place to store your backups, such as an off-site location, in case of a disaster. If your computer is infected with malware, you will be able to restore any lost programs and data through the backup. Any sensitive backup
information should be encrypted and physically secured.

Implement device control.
Prevent unauthorized devices from connecting to your computers. Unauthorized devices such as USB drives, music players and mobile phones can often carry malware that will infect a computer when plugged in.

Disable AutoRun functionality.
In February 2011, Microsoft automatically disabled AutoRun. This prevents malware from copying itself to host computers and shared network drives from devices such as USB drives.

Never forward a chain email.
Never forward a chain email, even if the author of the letter offers you a reward for doing so or claims to distribute useful information through the letter.

Implement a company policy on virus warnings.
Firms should task specific individuals with managing virus warnings. The policy should instruct employees to alert the assigned administrators immediately of any warnings that are received. Clear guidelines help verify that the warnings are legitimate.