The COVID-19 pandemic has had a significant impact on the way we work, and with the shift towards remote work and increasing dependence on technology, cybersecurity has become a more critical concern than ever before. Hedge funds executives are seeing similar trends emerge in managing their cybersecurity solutions and programs, including consolidating business technology and security operations under one roof, searching for new providers or outsourcing cybersecurity for the first time, and needing to reevaluate their approach to cybersecurity.

This article explores the benefits, challenges, and strategies for successful integration of IT and OT systems in modern businesses. IT-OT convergence can lead to increased efficiency, improved decision-making, cost reduction, enhanced security, and scalability. However, it also poses challenges such as legacy systems, cybersecurity risks, cultural differences, data management, and resource allocation. This write-up provides insights on how to overcome these challenges through upgrading legacy systems, investing in cybersecurity measures, cross-functional training, proper data management strategies, and prioritizing investments. Read on to learn more about how IT-OT convergence can transform your business operations.

President Joe Biden's new national cybersecurity strategy highlights the government's efforts to secure cyberspace and build a more resilient digital ecosystem that is easier to defend than attack. With cyber threats posing an increasing concern to individuals, organizations, and governments worldwide, the strategy outlines steps to prioritize cybersecurity, promote collaboration between the public and private sectors, invest in technological innovation, ensure an open and secure digital economy, and build an international coalition to promote responsible behavior in cyberspace. This article explores the five pillars of the strategy and their alignment with initiatives championed by the global multistakeholder community at the World Economic Forum Cybersecurity. By implementing these best practices for cybersecurity, organizations and governments can work together to create a safer and more secure digital future for all.