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cyber security

July 27, 2017

Allan Dunlavy, partner at the international reputation and privacy consultancy, Schillings, explains why authenticity, preparation and speed are the keys to defending your reputation and demanding your privacy. 

Allan Dunlavy, partner at the international reputation and privacy consultancy, Schillings, explains why authenticity, preparation and speed are the keys to defending your reputation and demanding your privacy. 

July 20, 2017

Third-gen building firm leaves the family; Grosvenor build for ‘Generation Rent’; and Schillings hires three new partners

 

Third-gen building firm leaves the family

A US construction firm founded in 1925 has passed into the hands of its first non-family owner.

But the man taking the reins at Pennsylvania’s Mowery, David Cross, is no stranger to the business having been involved with it for more than 30 years. He was made president in 2015 as part of former third generation owner Don Mowery’s succession plan.

June 23, 2017

CK Hutchison Holdings patriarch to step aside; Batista family fighting to avoid asset freeze in corruption probe; and Cyber-attacks plague UK business

CK Hutchison Holdings patriarch to step aside

Hong Kong billionaire Li Ka-Shing, 88, has announced he will step down as the chairman of multinational conglomerate CK Hutchison Holdings, which he founded more than 60 years ago.

Li turns 89 in July and said he was unlikely to resign before his 90th birthday. A story by MarketWatch named son and deputy president Victor Li as his likely successor. The younger Li has spent more than 30 years working under his father.

May 19, 2017

In the wake of the WannaCry cyber attack which infected 200,000 computers in 150 countries, family businesses are asking how they can best protect themselves.

In the wake of the WannaCry cyber attack which infected 200,000 computers in 150 countries, family businesses are asking how they can best protect themselves.

The Global Family Office Report found 15% of family offices admitted being victims of a cyber-security breach and most hacks resulted in resulted in losses of $50,000 or less. However, one case resulted in the loss of $10 million or more and industry commentators suspected the real number of family offices attacked was far greater.

March 22, 2017

A quarter of British family businesses feel vulnerable to digital disruption but just over half have ever discussed the threat from cyber criminals in the board room, says PwC research.

A quarter of British family businesses feel vulnerable to digital disruption but just over half have ever discussed the threat from cyber criminals in the board room, says PwC research.

Digital apathy was greater in the global private sector than the global public sector, with 68% of private company chief executives concerned about the speed of technological change compared to a greater 74% of global public companies. A lowly 41% of private company chief executives were not concerned about cyber threats compared to 65% of global public companies.

January 4, 2017

Overturning the industry’s reputation for secrecy, the third Global Family Office Report provides unprecedented data on everything from sliding hedge fund allocations to cyber-attacks. Michael Finnigan introduces the pioneering piece of research

Overturning the industry’s reputation for secrecy, the third Global Family Office Report provides unprecedented data on everything from sliding hedge fund allocations to cyber-attacks. Michael Finnigan introduces the pioneering piece of research.

January 3, 2017

Robocrooks are massing at the cyber gates but Asia-Pacific family offices are slow to build up their online immune systems

Robocrooks are massing at the cyber gates but Asia-Pacific family offices are slow to build up their online immune systems.

Complacency could be one of the biggest threats to family offices, as they deal with the ever-present, if largely hidden, danger posed by cyber-crime. Research shows the family office community is especially vulnerable to these attacks.

September 28, 2016

Family offices have lost up to $50,000 in attacks on their cyber security, the new Global Family Office Report by Campden Wealth reveals.

Family offices have lost up to $50,000 in attacks on their cyber security, the new Global Family Office Report by Campden Wealth reveals.

The report, in partnership with UBS, also found family offices were barely satisfied, or even dissatisfied, with their software – despite each family office spending on average a staggering $245,000 a year on their information technology systems.

August 22, 2016

Almost half of multi-million dollar international family offices do not have dedicated cyber security, exposing ultra-high net worth individuals to hackers, an accountancy firm warns.

Almost half of multi-million dollar international family offices do not have dedicated cyber security, exposing ultra-high net worth individuals to hackers, an accountancy firm warns.

New research by Moore Stephens revealed 42% of family offices surveyed do not have a policy to protect their vulnerable computer networks of sensitive commercial information. This lapse was despite 79% of family offices claiming they were “concerned” or “very concerned” about cyber-crime.

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