Friday, 24 February 2017
Last updated 9 min ago
Dec 7 2006 | 3:35pm ET
For an industry famed for its secrecy, hedge funds are increasingly relying on outsourcing and Web-based systems for trading, reporting and communicating with investors. With greater connectivity, of course, comes greater security risk.
New York-based Richard Fleischman & Associates aims to help hedge funds combat hackers, rogue employees and the like with its new RFA Sentinel service, which it calls a real-time security intelligence solution. Fully-managed, RFA Sentinel is designed to identify hackers, viruses, spam, spyware, security breaches and unauthorized access, the many faces of trouble for a tech-savvy firm.
“We understand that the network is a hedge fund’s engine for generating revenue,” Richard Fleischman said, “and it’s our job to make sure that engine is always running clean and smooth with minimal time and resources expended by the enterprise.”
The Sentinel system collects and correlates data from all manner of systems and devices, helping to eliminate false positives and identify security breaches and violations. It also assists in compliance auditing.