Malware attacks and sudden hardware failures aren’t just horror stories—they’re real-life events that can grind business operations to a halt. For a family office managing complex financial data, the inability to access key files or transaction records can be devastating.

Pinpoint Your Vital Data

Start by identifying which files, databases, and systems are essential to daily operations. Focus first on anything that would cripple your office if it vanished: client lists, portfolio spreadsheets, or specialized investment management software. Backing up everything is ideal, but if resources are limited, prioritize the data that keeps your office running.

Automate Backups and Store Offsite

Automation is key to ensuring regular backups happen regardless of busy schedules or human oversight. Cloud-based solutions add a layer of convenience and safety, especially if they offer built-in encryption and redundancy. Maintaining at least one backup offsite shields you from physical risks like theft, flood, or fire damage at your primary location.

Test Restores Before It’s Urgent

Many offices diligently back up their data, but never confirm if those backups are actually restorable. Schedule periodic “fire drills” to practice restoring files. This helps you spot corrupted backups, outdated processes, or hidden roadblocks long before you’re in crisis mode.

Cyber Liability Insurance

While insurance can’t prevent an attack, it can soften the financial blow if you’re hit. Many policies cover costs like digital forensics, legal fees, or even ransom payments. Cyber liability insurance is no substitute for robust backups, but it can play a critical supporting role in your resilience plan.

Where Altius Can Help

With Altius, your investment data and cash flow records are hosted in a secure, centralized environment, reducing the risk of local hardware failure and manual spreadsheets. Even if one physical site is compromised, you won’t lose historical transaction data or key investment analytics.

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