Cybercriminals are fond of entities with a particular asymmetry: assets and data in abundance and defenses in deficit. In recent years, security attacks have become increasingly advanced, and commercial entities have achieved fair proficiency in defending their information in the cyberspace. However, private non-commercial entities with the same resources have not taken nearly the same precautions, resulting in underdeveloped cybersecurity protocols compared to the wealth they manage. Therefore, family offices and high-net-worth individuals (HNWIs) have become very attractive targets.
This article appears in the second edition of the Private Wealth Newsletter 2025.
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