The Investment Association (IA) has launched a new cyber threat intelligence platform to help investment managers protect their firms against cyber security threats, it announced today.
IA TITAN, the IA’s Threat Intelligence Alert Network powered by Anomali, a provider of intelligence-driven cyber security solutions, will provide a real-time dashboard with alerts from law enforcement, government agencies and “other relevant authorities”.
The alerts cover a range of threats within the investment management community, including malware, ransomware, and software vulnerabilities.
COVID-19 has highlighted the critical role cyber security plays in ensuring operational resilience, according to the IA.
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The timely launch of the platform is part of its wider strategy to help investment managers protect their businesses and customers against cyber threats and tackle cyber crime.
Cyber security and operational resilience is a board-level focus for the investment management industry, which is why the threat cyber espionage and financial crime can pose to members’ operations needs to be tackled, according to Chris Cummings, Chief Executive of the Investment Association.
Covid-19 related increase of cyber crimes
“As COVID-19 has shown, criminals are prepared to take advantage of any situation for their financial gain. The ever-changing nature of these online threats goes right to the core of IA TITAN, which will provide industry-specific insights into cyber security threats, helping to keep customers and businesses safe,” Cummings said.
“The problem of how to address cyberthreats is compounded by the overwhelming volumes of data about them, confusion over which security solutions are effective, and shortages of cybersecurity professionals. With the introduction of IA TITAN, the Investment Association is arming its members with a platform that will provide them with the intelligence they need to protect their businesses against cyberattacks,” Hugh Njemanze, Chief Executive of Anomali, noted.