Hedge fund managers are set to invest more in technology to protect against cyber crime, according to a survey by KPMG. About 65% of 100 hedge fund leaders and executives said they will spend significant or very significant amounts on cyber security in the next five years, while 83% said cybersecurity is an important technological capability. For hedge fund managers with $1 million under management, 31% said that cybersecurity is an area where they had a competitive advantage versus 14% for middle-sized firms.
Hedge fund managers are set to invest more in technology to protect against cyber crime, according to a survey by KPMG. About 65% of 100 hedge fund leaders and executives said they will spend significant or very significant amounts on cyber security in the next five years, while 83% said cybersecurity is an important technological capability. For hedge fund managers with more than $5bn under management, 31% said that cybersecurity is an area where they had a competitive advantage versus 14% for middle-sized firms.