Tessian was named the Best Cybersecurity Service at the HMF European Hedge Fund Services Awards, in light of our innovative work to secure the human layer and prevent data breaches in hedge funds.

Hosted at the Natural History Museum, the spectacular awards ceremony celebrated hedge fund service providers that have demonstrated exceptional client service, innovative product development and strong and sustainable business growth over the past 12 months. Tessian was shortlisted along with six other cybersecurity comapnies that provide solutions to protect hedge funds from cyber attacks.

We were thrilled to be rewarded by the judges – a panel of leading hedge fund COOs, CFOs, GCs and CTOs – as the best-in-class cybersecurity solution for this industry.

The award recognized how Tessian has fundamentally changed the way hedge funds approach cybersecurity – focusing on protecting the human layer, rather than just securing a company’s networks and devices. This is incredibly important because 86% of data breaches can be attributed to human error, whether that’s accidentally sending an email containing sensitive data to the wrong person or falling victim to a phishing attack. When you consider that 60% of the organizations hit with phishing attacks during Q4 of 2017 were financial institutions, the threat in this particular industry is not one to be ignored.

By using machine learning to analyze historical email data – the leading indicator of human behavior in the enterprise – our technology can automatically understand relationships, context and communication patterns of people. By understanding normal communication, we can automatically identify and prevent email threats before they occur.