This report is a compilation of the sessions at the Family Wealth Report’s in-person Family Office Cybersecurity and AI Summit on June 4. This summit successfully addressed cybersecurity and AI topics, emphasizing their intersection, specifically tailored for multi-family and single-family offices, as well as ultra-high-net-worth individuals.
In a nutshell, we discussed the vulnerabilities that trigger a cyber attack, how cyber attacks can be prevented, and how the safe use of AI will increase the efficiency of family office operations. The speaker line-up ensured a great variety of perspectives on cyber security, physical security and AI and their intersections.
Chris Wake, from Atypical, writes about “Archimedes’ Lever – AI and the age of infinite leverage” (page 4), he addresses the intersection between Cybersecurity and AI.
Kate Norris, from Atténuer Risk, Lisa Gelles from Howard Insurance and Tom Aldrich from 360 Privacy talk about “The intersection of cyber and physical security” (page 6).
Mykolas Rambus, Hush, speaks about “Hacking people – cybersecurity, reputations and AI” (page 8), he shows the potential dangers of the digital footprint.
Gilad Zinger, Yemin Family Office, writes about “Human vulnerabilities” (page 10) and took the audience on a “Dive into social engineering attacks”.
John Boles and Danielle Valkner, from PwC explain how to “Unleash the power of AI, and Navigating the benefits, challenges and risks” (page12).
Andrew Evans from Rossby Wealth and Rossby Financial explains “Why AI will not eliminate the traditional advisor” (page 14), and argues that efficiencies of generative AI will produce demand for growth of human-led advice.
William Roberts from Day Pitney adds a legal perspective and presents “A privacy plan for your family office” (page 16).
Tim Schnurr from Inquisitive IT looks at “What we can learn from highly mature cybersecurity programs” (page 18).
Tristan Flannery, Orbital Risk, and Liz Buckley, Praetorian, discuss “Navigating the potential perils of AI: Understanding and mitigating the risks of deepfakes” (page 20).
Ileana van der Linde from JP Morgan and Dale Buckner from Global Guardian talk about “From risk to resilience: Strategies for cybersecurity in family offices” (page 22).
We hope that you will find this report informative and that it will provide you with new insights into the world of cybersecurity, physical security and AI in the family office and wealth management space.
