Online attacks dominate the headlines Ransomware
Identity theft. Cyber stalking and bullying. These are just a few of the pervasive threats in our digital lives today. Wealth attracts criminal elements in cyberspace just as it has in affluent individuals’ private lives and homes.
Families of means are more aware, but also more vulnerable
According to a study by the Alliance Security Council, leaders of family offices and wealth management firms have voiced increasing concerns about the security risks to their client families. About 75 percent of these wealth firms said that incidents involving families they serve have grown, with almost 25 percent saying the spike was major. By far, identity theft and cyber fraud were cited as the greatest risks facing clients.
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