Just like all other organisations, Family Offices are at risk of data theft and breaches of security and loss from cyber crime.

Despite spending significant sums of money the latest research has identified that many have been caught out by scams, phishing and logging on to fake wifi channels that exposes their system to outsiders.

Care needs to be exercised at all times and Family Offices need to ensure policies and procedures are not only in place but policed too in  order to safeguard the assets of the business too.