Investment Association launches cyber threat platform

The Investment Association (IA) has launched a cyber threat intelligence platform to help investment managers protect their firms.

The Threat Intelligence Alert Network (TITAN), will provide a real-time dashboard bringing together alerts from law enforcement, government agencies and other relevant authorities, on cyber hazards and risks within the investment management community.

Powered by Anomali technology, the alerts will cover a range of threats including: malware, ransomware and software vulnerabilities.

The association, which represents 250 member organisations managing £7.7 trillion of assets, said COVID-19 had highlighted the critical role cyber security plays in ensuring operational resilience.

The launch of the platform is part of the IA’s wider strategy to help investment managers protect their businesses and customers against cyber threats and tackle cyber crime.

Chris Cummings, chief executive of the Investment Association, said: “Cyber security and operational resilience is a board-level focus for the investment management industry, which is why we need to tackle head-on the threat cyber espionage and financial crime can pose to members’ operations.

“As COVID-19 has shown, criminals are prepared to take advantage of any situation for their financial gain," he continued. "The ever-changing nature of these online threats goes right to the core of IA TITAN, which will provide industry-specific insights into cyber security threats, helping to keep customers and businesses safe.”

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