Asset managers are not securing mobile devices thoroughly

Software platformIn light of recent events such as the Talk Talk data breach, mobile phone data security has been highlighted as an area of concern.

Management consultancy Investit’s recent research on “Embracing Digital” found that 23% of asset managers are not adequately securing client data delivered through mobile devices.

Of the 77% of asset managers that do secure the date, most use software developed by firms such as Atlanta-based Airwatch and California’s MobileIron.

Cyber-attacks is a growing concern among those in the investment industry and Investit say is starting to dominate boardroom discussions.

It is hoped by the firm that this will drive increased collaboration among asset managers and their service providers to develop solutions that can mitigate the risk of these potential attacks.

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