Asset management and wealth security threats in 2021
New research from Digital Shadows shows how cybercriminals are increasingly setting their sights on asset and wealth management companies (AWM). The assets under management by AWM companies are set to grow by up to 5.6% a year by 2025, to USD 147.4 trillion, which presents a lot of financial upside for attackers.
Not only AWM companies possess valuable client information, but valuable intellectual property to protect, as well as investment strategies and mechanisms that can be exposed by competitors, third parties or insider threats within the company.