As Artificial Intelligence advances, cyber criminals are using the latest technology to develop increasingly sophisticated scams.
We’ve become accustomed to ignoring poorly written phishing emails designed to convince us to click a dodgy link.
However, cyber criminals are now using AI chatbots to write scam emails for them to avoid spelling and grammatical mistakes and to appear more credible.
And while AI software developers are working on ways to prevent malicious use, it’s possible that criminals could harness AI’s ability to write computer code to create malware.
Given AI is developing so swiftly, we are working hard at Tribeca to ensure we are abreast of the latest cyber security threats and to safeguard our clients’ critical information and assets.
As well as providing the right prevention with comprehensive cyber security training for your staff, and ongoing end-user testing to ensure the training is effective, we can work with your team to establish and develop an action plan to protect your customer data and other confidential information in case of a data breach.
Staff cyber security training.
As companies in the alternative investment space, such as private equity firms and hedge funds, are lucrative targets for cyber-attacks it’s imperative that all staff members have a basic understanding of cyber security and are kept up to date with new developments.
Fundamentals include appreciating the importance of patch management, so team members are not putting the business at risk through vulnerabilities in older software or programmes, using Multi Factor Authentication (MFA), and routinely updating passwords.
Remote and hybrid working practices can expose companies to increased risk of data breaches.
All staff members should know when and how to report potential breaches and how to manage cyber security on their work devices.
Extra risk mitigation and management.
At Tribeca, we have developed our in-house Vulnerability Management Service to give our financial sector clients additional peace of mind.
Our solution transforms complex, detailed cyber security information into easy to read reports organised into a traffic light system in which vulnerabilities are classified as critical, high, medium, or low risk.
Vulnerabilities are then immediately ordered into an automated workflow to be dealt with by our expert in-house IT support team.
The most urgent issues are fixed in a matter of hours or days, depending on severity and priority, mitigating risks before a third party can potentially exploit them.
As a multi-award-winning specialist IT partner in managed and consultancy services, we are committed to compliance with the highest cyber security credentials, including the ISO27001 standard of Information Security and the top level of certification offered under the UK government-backed Cyber Essentials scheme, Cyber Essentials Plus.
Both certifications require an annual audit of our Information Security Management System (ISMS) and the technical controls that are in place to secure our business and ensure compliance.
We are also registered with the UK’s Information Commissioner’s Office (ICO), an executive non-departmental public body sponsored by the Department for Science, Innovation and Technology to upload information rights in the public interest and promote data privacy for individuals.*
*What is Information Commissioner’s Office UK?
The Information Commissioner’s Office (ICO) upholds information rights in the public interest, promoting openness by public bodies and data privacy for individuals. ICO is an executive non-departmental public body, sponsored by the Department for Science, Innovation and Technology.