Technology
Digital Digest – The Latest Tech News - Rubica, Empire Software
The latest tech news in wealth management across North America.
US-based cybersecurity firm Rubica, and Empire Software, have partnered to give family offices, wealth managers and others more ways to protect their data at a time when major hacking attacks continue.
The partnership aims to create end-to-end security, from devices to the management platform, protecting client data no matter where they are, on every device they own, according to a statement that provided little specific information on what type of services are being offered. Family Wealth Report has sought details and may update in due course.
“With the rise in corporate hacks, threats to physical security, and bad actors–now is an extremely important time for business managers, CPAs, family offices, wealth managers, and their firms to protect client data and digital identities,” the firms said in their press release.
In late November, Marriott, the hotel conglomerate, disclosed that hackers had breached its Starwood reservation system, stealing the data of 500 million guests. Recent years have seen hacks affecting millions of accounts at the likes of JP Morgan, Yahoo, Equifax, the UK’s National Health Service, the German rail network, among others.
In a recent study, Citi Private Bank issued a white paper exploring what family offices and wealthy individuals can and should to protect security. There are concerns that family offices often lack the scale and resources to protect their members sufficiently.
Rubica has offices in Seattle and San Francisco. Empire Software, a business launched earlier this year, is based in New York. (Its launch was chronicled here.)