The Financial Times quotes Nicola Thorpe on the importance of improving digital hygiene in the fight against cyber crime

High net worth individuals and their families are increasingly at risk of cyber threats and financial crime, with attacks becoming ever-more sophisticated and highly targeted.

It is important that individuals take steps to improve their digital hygiene and ultimately protect their money online.

Nicola Thorpe, Private Client Partner, provides comments for the Financial Times:

In a world where so much information is publicly available, wealthy families are having to look closely at their own cyber security systems. The threats include, but are not limited to, the interception and unauthorised use of personal and financial data, compromising the security of online transactions, and potential breaches of confidential family or business information. 

Nicola adds:

Beyond basic steps like ensuring robust passwords and strict protocols around password protection, or encrypting information sent by email, a robust defence strategy involves several key actions. Hiring security consultants to review family office procedures, providing regular training for family members and office employees, and incorporating guidance around information security in family governance arrangements are critical. These measures should be dynamic, adapting to new threats through regular reviews and updates, to ensure the protection of their financial interests in an increasingly digital world.

Read the full piece in the Financial Times here (subscription required).