Family Office Practice
Family Office Practice
In 2025, we developed a proprietary cybersecurity practice designed especially for the High Net Worth Individual as they transition into a Family Office.
Our mission is providing Identity-first cybersecurity for family offices, delivered with discretion, confidentiality, and trust; we preserve and protect their reputation, quality of life, and day-to-day confidence.
Deloitte publishes an annual report on Family Office Cybersecurity that is quite riveting.
A notable 43% of family offices globally have experienced a cyberattack over the last 12-24 months, with 25% experiencing three or more attacks. Those in North America are the most likely to report being attacked (at 57% versus 41% in Europe and 24% in Asia Pacific), along with those with AUM over US$1 billion (at 62% versus 38% for those with AUM under US$1 billion).
Despite the high prevalence of attacks, nearly one-third (31%) of family offices haven't got a cyber incident response plan in place. Another 43% say they have a plan, but it “could be better,” while merely a quarter (26%) claim to have a “robust” plan.
Given these security weaknesses, over one in five family offices (22%) have ranked cybersecurity as a top risk to their organisation this year. Thus, 15% assert that strengthening cybersecurity is a core priority in 2024, a notable proportion, but one that needs even further visibility given the risks at stake.
Element-46 proprietary risk assessment model is a calculation of who has access to assets, plus their respective permissions, then adjusted for existing policies.
Setting boundaries that protect without intrusion is an art. Through carefully designed policies and procedures, family offices reduce risks around asset access while maintaining a seamless lifestyle of privacy and trust. Technology serves as an enabler, not an intrusion. We deploy discreet, intelligent controls only where they are necessary to manage risk or enforce established policies. This trusted safeguard protects assets while preserving privacy, autonomy, and lifestyle.