Cyber Security Horror Stories: How Family Offices Became Prime Targets

A recent report found that 32% of family offices perform no cybersecurity measures at all, relying on the false assumption that anonymity provides protection. With multi-trillion-dollar wealth concentration and lean IT infrastructure, family offices have become prime targets for sophisticated cyber attacks—from AI-powered phishing to deep fakes and social engineering scams.

In a recent article on Mr Family Office, our CEO Edward Marshall discusses how families often unknowingly trade security for convenience, creating "engineered vulnerabilities" where operational excellence opens the door to attacks: "Many family offices knowingly, or unknowingly, trade security for convenience, creating a dangerous situation: enterprise-scale wealth with amateur-level risk management. Convenience is seductive but can make you a risk magnet."

True protection requires comprehensive risk assessment, proper training, and holistic risk management across all domains. As the article emphasizes, cybersecurity is just one area within a broader risk management framework that includes human resources, estate management, and continuous monitoring.

The piece also features five real-world cybersecurity case studies, from phishing scams to social media stalking, demonstrating the evolving threats facing high-net-worth families today. Read the full article on Mr Family Office →