Forbes article highlights importance of family offices preparing against all cyber-threats
Tobias Jaeger, Founder of Falcone International, shared his expert insight in a Forbes article authored by Senior Contributor and &Simple CEO Francois Botha. Titled "Don’t Get Hacked. The Increased Risk Of Cyber-Threats And How Family Offices Can Protect Themselves," the piece provides an in-depth exploration of the cybersecurity landscape facing family offices in the digital age.
Falcone International Founder Contributes to Forbes Article on Cybersecurity Risks for Family Offices
Jaeger's contribution to the discussion is grounded in his extensive experience in global risk management. He provides a nuanced understanding of the unique operational characteristics of family offices, elaborating on how these factors can inadvertently create opportunities for cyberattackers.
Joining other industry experts, including Muralidhran Nadarajah of Eton Solutions and Tony Gebely of Annapurna, Jaeger makes the case that modern cyberattacks often have a physical-world component, such as deep research on the target, and that family offices, run by a small group with a lot of power, are easier for attackers to shortcut than an investment firm with similar assets under management.
In his comments, Jaeger emphasizes the cost-effectiveness of preventative measures when compared to the potential financial and reputational impact of a cyber breach. The argument is straightforward: prevention is cheap relative to what a breach costs, and family offices tend to be under-defended relative to what they hold.
Read the full article here.
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