In the News | Private Banker International
Cybersecurity in asset management: a growing battlefield
March 4, 2025 · Authored by Russell Sommers
Cybersecurity is a top priority across all industries, but financial services firms face heightened risks due to their access to significant assets under management (AUM) and high-net-worth client data. Baker Tilly's Russ Sommers shared with Private Banker International about the growing threat of artificial intelligence (AI)-driven deepfakes and social engineering, which are making cyberattacks more sophisticated than ever. While strong security systems are critical, human error remains the biggest vulnerability.
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