Family Office Technology Hub

FOTechHub in collaboration with the Larry Kraus Family Office Tech-NEW-logy Institute: Tania Neild of InfoGrate interviews: BlackCloak - a holistic cybersecurity platform, safeguarding executives' personal and financial data, and protecting corporate assets without invading personal lives. Abacus - a global IT and Cybersecurity provider, offering specialized services for the financial sector through its abacusFlex platform, ensuring secure and compliant scalability. Copia - a real-time portfolio management platform for diverse asset classes, enhancing "Assets Under Intelligence" with a team experienced in creating top applications, building fast-growing companies, and developing complex enterprise software. The discussion will introduce these companies and their services, and focus on the impact and future implications of the 7/19 CrowdStrike incident on cybersecurity practices for family offices. Show Summary: Introductions. Chris Pierson and BlackCloak overview. Michael Sikorsky and Copia overview. Paul Ponzeka and Abacus overview. Explanation of EDR (Endpoint Detection and Response) tools and their role in cybersecurity, comparison with traditional antivirus software. What happened with the CrowdStrike incident? Strategies for protecting client endpoints; diversifying security tools to mitigate single points of failure. Implications of the CrowdStrike incident for family offices; importance of multi-layered defense approach, including EDR, MFA, and email security; prioritizing prevention, backup, business continuity and rapid recovery plans. Sentinel One vs CrowdStrike. Recommendations for how family offices should handle communication during incidents. Balancing the urgency of releasing security patches with the risk of issues like the CrowdStrike incident. Some of the most common attacks targeting wealthy individuals and family offices (scams, fraud, malware infections, account compromises, etc).

This is a special episode in the tax track for the Larry Kraus Institute’s family office community. It is a recording of a virtual program presented on June 26th titled: Ransomware: What Family Offices Need To Know, If And When Data Is Compromised. 

The moderator was Tony Gebely, CEO of Annapurna Cybersecurity Advisors. The panelists were David Sun who leads the cybersecurity incident response and computer forensic services for CohnReznick and Annmarie Giblin, Partner in the Global Cybersecurity and Privacy Group at Norton Rose Fulbright. 

If you like this discussion please follow us or join our network through fotechhub.com to be invited to future virtual and in-person events.

00:05 - Introductions  
06:05 - Evolution of ransomware attacks, from encrypting systems to data exfiltration  
13:11  - Legal implications and requirements, notifying authorities and regulatory scrutiny 
27:39 - 27:39 - Cybersecurity measures and proactive approach: EDR (endpoint detection response), MFA (multi-factor authentication), testing, analysis, monitoring and training 
52:28 - Cyber insurance and ransomware coverage, different types of insurance, limitations 
 

FOTechHub in collaboration with the Larry Kraus Family Office Tech-NEW-logy Institute: Natasha Pearl interviews Way2B1 - a platform that streamlines life management for families, and Nines - a household management platform.

FOTechHub in collaboration with the Larry Kraus Family Office Tech-NEW-logy Institute: Jon Carroll discusses various aspects with live audience polling, including investments in technology, innovation, automation, integration, AI, business continuity planning, and tools for supporting operations and data security. Jon also interviews Eton Solutions, an integrated accounting platform leveraging generative AI for its Eton GPT tool, and Summitas, a secure, flexible collaboration tool for wealth management.

FOTechHub in collaboration with the Larry Kraus Family Office Tech-NEW-logy Institute: Michael Perez Interviews Collation.AI and SumIt. Michael Perez from F2 Strategy interviews Collation.AI - a data aggregation and reporting platform and SumIt - a new generation general ledger. Both startups leveraged our My Family Office Tech & Ops Conference in November 2023 as a launchpad to introduce themselves. Show Summary: Introductions. Founder's journey: Alex. Founder's journey: Tanmai. Markets covered. Relevant metrics: speed to market and time saved. Client base and characteristics. Value prop & use cases. Alex: simple & sophisticated accounting: access, visualisation, consolidation & integrations. Tanmai: aspirin for your data headaches & consistency problems. Room for improvement? Extracting information from PDFs. Competition. Workflow capabilities. Migrating data from Quickbooks. What's next on the roadmap. Pricing. Implementation timescales.

FOTechHub & the Larry Kraus Family Office Tech-NEW-Logy Institute present: Efrat Avigdor, a Family Office Advisor, interviews Luminary and K1x. This program focuses on managing and visualizing trust & estate strategies, and AI automation software for K-1s, K-3s and 990s.

Published  on 29 December 2023 

As we wave goodbye to 2023, let’s take a look at some of the most interesting recent developments in family office tech - new products, integrations, partnerships, funding news and a flurry of activity in the alts space! Our news bulletin might've taken a little longer to reach you, all thanks to our smashing virtual conference that received rave reviews! (Check out the highlights here) But worry not, we’re not idly scrolling through news feeds—we're knee-deep in plans for 2024!

#Accelex  #Addepar  #Alkymi  #Altoo AG  #Amplify Advisory Solutions  #Arch  #Canoe  #Deviate Consulting  #Eton Solutions  #FactSet  #Forest Systems  #Foundation Source  #iCapital  #IQ-EQ  #K1x  #Ledgex  #Maestro FS  #Mirador  #PBI  #Performativ  #SS&C Advent  #SS&C Black Diamond  #TIFIN  #Trove

If we missed anything or you have suggestions, email [email protected] 

Welcome to the inaugural episode of FOTechHub Podcast, where we delve into the world of technology solutions for modern family offices. This interview is brought to you by FOTechHub and Phil Strassler from the esteemed Larry Kraus Tech-New-Logy Institute. For over two years, the Tech-New-Logy Institute has been paving the way, and now, FOTechHub is expanding its horizons to reach a wider audience. Our aim, guided by top technology consultants, is to introduce cutting-edge tech solutions tailored for today's family offices. In our latest episode, Andy Fox engages in insightful interviews with Trusted Family - communications and governance solution for families, boards and shareholders, and RSM - cloud-based tech platform centralizing data for family offices.