Linedata Protect and Linedata Protect Premium bolster cybersecurity protection for traditional and alternative asset managers and the broader funds industry
Linedata has expanded its Technology Services portfolio with two new cybersecurity offerings: Linedata Protect Endpoint Detection and Response (EDR) and Linedata Protect Premium (Managed Detection, Response and Remediation, MDRR). Both offerings are tailored to the cybersecurity requirements of traditional and alternative asset managers, including hedge funds and private equity firms and their portfolio companies. Linedata Protect and Linedata Protect Premium address the fast-moving threat landscape with cutting-edge technology, round-the-clock services, and transparent pricing from a trusted Managed Services Provider (MSP).
Together with Linedata’s other cybersecurity services, including risk assessments, penetration testing, and CISO-as-a-Service, Linedata Protect and Linedata Protect Premium provide an array of choices for fund managers to strengthen their cybersecurity posture and protect their data, operations, and reputation, while mitigating compliance, operational and business risk.
Cybersecurity is more topical than ever in the wake of COVID-19. The pandemic has reshaped how companies work, with millions of employees worldwide leaving the relative security of office networks for external Wi-Fi and remote working. Cybercriminals have seized this opportunity, with targeted attacks on fund managers, and an overall increase in threat levels. Cybersecurity attacks have risen by 700% in the pandemic’s wake, with 70% of attacks originating at endpoints.
Meanwhile, asset managers can lack in-house cybersecurity resources and skills, may rely on outmoded technology, and face increasing regulatory scrutiny around their cybersecurity controls.
Linedata is tackling those challenges with cybersecurity solutions that leverage digital processes, best-in-class technology from leading providers of EDR, Security Information and Event Management (SIEM), Security Orchestration, Automation, and Response (SOAR), and threat intelligence, backed by in-depth knowledge of the technology environment of traditional and alternative fund managers.
“As trusted providers of buy side technology and operational services for over 20 years, Linedata is uniquely positioned to provide cybersecurity solutions that address the requirements of the asset management industry,” says Anup Kumar, EVP & Business Head, Linedata Global Services. “The COVID-19 pandemic has changed how we work and how cybercriminals attack businesses. Linedata Protect and Linedata Protect Premium provide asset management firms with robust, reliable, cost-effective cybersecurity solutions that are available on a consumption-based (per endpoint, per month) model. With over 1 million endpoints already protected by this solution, our EDR and MDRR offerings and round-the-clock service teams provide the protection you need, wherever you do business.”
Linedata Protect combines next-generation antivirus and EDR, compliance and threat reporting, a 24/7/365 Security Operations Center (SOC) and Service Desk remediation team, a cutting-edge platform that digitalizes and operationalizes the cybersecurity lifecycle, and regular security briefings.
Linedata Protect Premium provides all this and more, including 24/7/365 MDRR threat remediation and an industry-leading SIEM solution.
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