Cybersecurity Firm Drawbridge Launches Automated Platform for Hedge Funds

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

Drawbridge

Cybersecurity Firm Drawbridge Launches Automated Platform for Hedge Funds

August 15, 2019

DrawbridgeDrawbridge Partners, a cybersecurity services firm for hedge funds and private equity managers, has launched an automated platform which allows firms to manage all aspects of their cybersecurity program.

The platform, named DrawbridgeConnect, complements the company’s current services offering and helps to ensure regulatory compliance and features the possibility of extracting data in real-time to evidence cyber risk posture to current and potential investors.

In addition, to facilitate the aggregation of internal cyber risk assessment data, the creation of a resilient program and coordination of end-to-end communication with personnel, the platform allows firms to easily assess third-party vendor cybersecurity risk and ensure all shared data is protected. All critical vendor information is stored by the cybersecurity platform as third-party vendors are required to answer its Due Diligence Questionnaires (DDQs).

Viktor Tadijanovic, Chief Technology Officer, commented: “Ongoing regulatory requirements and investor demand, combined with the increasing potential of third-party risk and constant real-time
threats place increasing burdens on today’s investment firms. We created DrawbridgeConnect to help them ensure they can easily analyze, track, and measure every facet of their cybersecurity program to meet these substantial challenges. This software solution complements Drawbridge’s robust cybersecurity services offering, giving firms a comprehensive cybersecurity framework and toolset to manage and safeguard against internal and external threats.”

Anthony Patti, Vice President at Drawbridge, said:

“Providing seamless and transparent cybersecurity management solutions to our clients is our primary mission. DrawbridgeConnect’s Vulnerability Scanning and Management now allows us to give our clients a risk-based approach to detect, classify, prioritize, and remediate both external and internal vulnerabilities associated with client networks. We are proud to be able to deliver these seamless and transparent ongoing vulnerability management services to our clients to help them defend against and address threats in real-time.”

Drawbridge Partners assists managers with building and maintaining a rigorous cybersecurity program to protect their sensitive data. Cybersecurity, advanced data protection, and a systems infrastructure are an absolute requirement for ensuring future success in the alternative investment space.

The company targets hedge funds, private equity funds, venture capital, private equity portfolio companies, family offices, wealth managers, fund of funds, real estate, pension funds, endowments,
mutual funds, and the sell-side. Drawbridge has offices in Stamford, Los Angeles, New York, and Fayetteville.

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