ACE IT Solutions has partnered with IBM to provide security services that help hedge funds mitigate cyber security risks and meet SEC mandates. This partnership is timely as the SEC has just issued a risk alertdetailing its plans to examine financial firms’ cyber security preparedness.

According to IBM’s 2014 IBM X-Force Threat Intelligence Quarterly, the financial services industry offers hackers significant potential payoff, accounting for over 20% of all security incidents. A hacker attack could be devastating to a fund and investors will be wary of doing businesses with a fund that has experienced a security breach.

The accuracy of identifying threats is essential so that hedge fund managers can properly mitigate risks. IBM has developed real insight into the kinds of attacks that are taking place, who may be launching them and how their techniques are evolving, so funds can take the proper steps to ensure network and data security and prepare for an SEC examination.

When it comes to protecting their technology infrastructures, financial firms want to work with the biggest and the best. IBM’s security services, offered in partnership with ACE IT Solutions, deliver a simple, cost-effective way to limit potential threats, improve a hedge fund’s security posture and help reduce the cost and complexity of regulatory compliance efforts.

Services can be customized to meet the needs of any size fund and include:

• Review of Internet security policies and procedures
• Assess cyber security preparedness
• Penetration testing
• Managed security and event management
• Firewall management
• Intrusion detection and prevention system management
• Managed protection services, unified threat management
• Hosted security event and log management
• Hosted vulnerability management

ACE IT Solutions is now offering a complimentary security assessment to help firms evaluate their current security posture and understand what steps need to be taken to reduce cyber security risks. Don’t wait for a cyber attack or a visit from the SEC – contact ACE IT Solutions today for your FREE security assessment: