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Cybersecurity for Family Offices

Publisher: Trusts & Estates
May 3, 2017
Day Pitney Author(s) Jonathan E. Davis

Jed Davis authored an article, "Cybersecurity for Family Offices," for Trusts & Estates. The article examines the substantial risks of cyberattacks that family offices and their clients face. Davis explains that "New technology alone can't fix this mess we're in, nor is there a purely technological expert who can guide a business to safety." The measures that he recommends for reducing cyber risk include incident response planning, cyberliability coverage and security awareness training for family members as well as office staff. "Protecting client families from financial loss and harm to reputation requires family offices to be hands-on about matters on which they're unlikely to have engaged before," Davis writes, "and commit to at least some increase in cybersecurity spending."


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