Xtreme Asset Management Limited, a Hong Kong-based investment and wealth management firm regulated by the SFC, has announced a strategic migration of its main website servers from Hong Kong to the United States.
This move is a crucial part of the company’s comprehensive cybersecurity efforts aimed at protecting client information, maintaining operational stability, and securing its institutional trading platforms. This decision comes amid an increasing wave of sophisticated cyberattacks targeting the financial industry worldwide.
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The migration follows several notable cyber incidents in the Asia-Pacific region, including a major “deep fake” attack in Hong Kong last year that caused a $25 million loss for a local financial institution. In response, Xtreme Asset Management’s leadership prioritized reinforcing their digital infrastructure to meet stringent U.S. data protection standards.
Gideon Cohen, Director of Institutional Trading at Xtreme Asset Management, emphasized, “Cybersecurity is essential in today’s digital landscape. Relocating our critical systems to secure servers in the U.S. demonstrates our dedication to surpassing industry benchmarks and protecting our clients’ assets and trading activities from evolving cyber threats.”
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Alongside the server relocation, the company has introduced stronger internal cybersecurity protocols, including limiting professional social media use. This step is designed to minimize risks related to social engineering attacks, which often exploit online platforms to breach financial organizations.
“We take a zero-tolerance stance on digital security,” Cohen said. “By integrating state-of-the-art infrastructure, regulatory-compliant security frameworks, and rigorous internal policies, we aim to establish a robust multi-layered defense that protects our clients and partners.”
This initiative is part of Xtreme Asset Management’s global plan to enhance digital resilience, ensuring data security, operational continuity, and compliance across its international operations.
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Source: globenewswire
