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A NEWSLETTER SPECIAL EDITION
A wrap-up of our in-depth look at digital risk in the family office
The use and misuse of artificial intelligence (AI) is top of mind for many Canadians, especially those in the family office space who must protect their clients’ sensitive data. Each new outlandish scam seems to top the one that came before.
In this report we looked at the biggest risks in cybersecurity, including AI hallucinations, the quick advances of deepfakes, the risks that AI use presents by affiliates and how to hold cryptocurrencies directly. To see all of our articles in the report, click here.
Cybersecurity: How family office advisors are working to strengthen the ‘human firewall’
Cyberattacks are taking a bigger bite out of investor portfolios. Cybersecurity services are helping family office clients fortify their defences
Seeing is no longer believing: deepfakes put a new face on cyber security risk for family offices
As AI makes scams easier and cheaper, ‘It’s an arms race, and the bad guys, unfortunately, are a step ahead’
Are your service providers and associates using AI in a responsible way?
Family offices are conducting more due diligence to ensure family data is protected
Will software ever be secure again? How to prepare for a powerful new AI threat
As AI tools give hackers unprecedented capabilities to develop software exploits, family offices need to re-invest in security practices
Eight ways scammers use social media to craft a convincing con
Even the most innocuous of posts can help criminals spot patterns and opportunities
Hallucinations can turn the promise of AI into a bad trip. Here’s how to separate slop from reality
Large language models are improving all the time, but the legal, financial and reputation risk of AI hallucinations should not be ignored
The technical risks and challenges of holding crypto, from hot wallets to ‘seed phrases’
Storage, self-custody and safekeeping: Family offices must be crypto-aware, or hire someone who is
FROM OUR MEMBERS
Why family offices should care about fraud
Fraud is more complex, sophisticated and pervasive than ever. No one is immune – including Canada’s ultra-high-net-worth families. At Foster Family Office, fraud is part of risk management. The best defence: knowledge and awareness.
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