How Can Your Firm Avoid Being the Next Target of a Cultural Engineering Attack?

The recent rise of highly sophisticated cultural engineering attacks against fund managers has raised concerns in the industry, including prompting the SEC to issue a recent risk alert on the topic. In this article, we discuss with Mark Sangster, vice president and industry security strategist at eSentire Inc., how cultural engineering has evolved, why the private funds industry is uniquely vulnerable to these attacks, the measures that managers can take to prevent attacks and how to mitigate the damage. See “DOJ Spotlights Emerging Issues and Protection Strategies Around Business Email Compromise Attacks” (Oct. 9, 2019).

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