Through the integration of cutting-edge wire fraud detection technologies into its current Linedata Protect solution, this partnership seeks to enhance Linedata's security protocols for its investment management clients.

The ability to identify and counter threats has become increasingly important for investment firms, especially in light of the evolving cyber threat landscape and advancements in artificial intelligence. This is evidenced by the Securities and Exchange Commission (SEC) introducing new compliance regulations regarding cybersecurity incident disclosures. Investment management clients will gain from a complete solution that not only handles present cybersecurity threats but also takes on new and developing ones like wire fraud and deep fakes by integrating Conduit's cutting-edge detection technology into Linedata Protect.

Representatives from Linedata Global Services emphasised how crucial it is for investment managers to keep up with changing cybersecurity risks. The partnership with Conduit, they stressed, shows how dedicated Linedata is to offering customised cyber solutions to its investment clients, particularly addressing wire fraud and other new risks that are common in the financial sector.

Conduit is an expert in proactively controlling wire fraud threats. Their platform enables Linedata clients to identify and stop wire fraud attempts in real time by providing codified best practices and processes, intelligent risk intelligence, transparency, and accountability.

Conduit Security representatives emphasised their commitment to cybersecurity innovation in reaction to the ever-evolving threat scenario. They emphasised how important the collaboration is to tackling the intricate problems that investment businesses have with wire fraud risks. Together, Conduit's proficiency in detecting and averting wire fraud and Linedata's prominent position in the investment sector will allow them to present a comprehensive solution that efficiently protects investment firms.

Asset managers, hedge funds, and private equity businesses are particularly vulnerable targets since cyber risks are becoming a normal part of doing business. CISO-as-a-Service, policy creation, vulnerability assessment and testing, third-party risk management, and Linedata Protect Managed Detection, Response, and Remediation (MDRR) are just a few of the complete cybersecurity services offered by Linedata. With no minimums, open pricing, and cost certainty, Linedata Protect and Linedata Protect Premium offer consumption-based models that may be scaled to meet changing needs.

Concerning the companies

Investment managers and their money are shielded from wire fraudsters via conduit security. Conduit, a software company founded by a former Palantir employee and FBI agent, has years of experience stopping and responding to wire fraud losses. Numerous significant asset managers rely on their approach, which has preserved a spotless record while protecting transactions worth billions of dollars and averting millions of dollars in damages.

Linedata, which has been in business for 25 years and has 700 clients in 50 countries, employs 1200 people in 20 offices to provide worldwide technological solutions and services to the credit and asset management sectors. Their products enable customers to advance and perform at optimal levels of effectiveness.