New System Aims To Hack-Proof Hedge Fund Communications

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.


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...