As the alternative investment industry tackles a rapidly changing threat landscape, increased regulation, and a continuous need to innovate, most firms are increasing their digital transformation (DX) and security budgets, and cite security as critically important to their DX initiatives, according to ECI in its white paper Cybersecurity and Digital Transformation of Global Alternative Asset Institutions: A Critical Pairing.
About 89 percent of surveyed institutions are increasing their digital transformation and security budget in 2022, and nearly half (48 percent) are increasing spending by at least 10 percen