Options Panelists: Algos are the New Hope — and Target — in Cyber Wars

The closing panel at the Options Industry Conference 2015 in Miami Beach covered the year's most trendy topic: cyber security. Firms are quickly catching up, Tim Bourgaize Murray reports, as both sides of the battle become more sophisticated — with targeting code on one side, and using behavioral algos to defend the other.

OIC 2015 was held at the Fontainebleau Miami.

The panel — which featured a pair of two chief technologists and two additional experts in the area — covered many of the subjects hit on in Waters' full issue on the topic in April, and featured no shortage of strange realities, as well.

Firms are now sending their staff on business with 'burner' phones and laptops, rather than scrub them later. A few funds have dumped passwords entirely in lieu of swipe cards for workstation access. Nearly half of firms still don't have a proper patching

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