The TM Bulletin: January 2025
Thomas Murray
Global Risk Intelligence | Safeguarding clients and their communities since 1994
Welcome to our latest newsletter, where we explore the significant developments and innovations shaping the financial industry. From the digital revolution in post-trade finance to the enhancement of compliance and operational due diligence, we are examining the advanced technologies and solutions that are transforming business operations. In this edition, we will guide you through the latest insights, industry trends, and company updates, including our recent webinars and upcoming events. Whether your interest lies in staying ahead of regulatory compliance, mitigating cyber risk, or exploring the latest advancements in financial technology, we are here to assist. Let us delve into the latest news and updates from Thomas Murray.
Funds | Operational Due Diligence | Investment Manager Monitoring
The Role of Technology in Streamlining Operational Due Diligence (ODD)
Discover how innovative technology solutions are revolutionising the way investors and fund managers conduct ODD, enabling the automation of data collection, standardisation of reporting, and real-time monitoring of operational risk. By harnessing the power of technology, firms can reduce the complexity and cost associated with ODD, while gaining a deeper understanding of their investments and mitigating potential risks.?
Bank Network Management | Digital Post Trade
The Digital Revolution in Post-Trade Finance
The digital age is reshaping post-trade finance, delivering unmatched speed, efficiency, and transparency to the industry. Picture a future where transactions happen in an instant, risks are minimised, and information is at your fingertips. Say goodbye to manual errors and embrace real-time data processing, automated risk management, and seamless collaboration. Leveraging the power of blockchain, AI, and cloud technology, the financial landscape is being transformed. Get ready to step into the future of post-trade finance, where groundbreaking innovation meets limitless possibilities. The revolution has begun.
Bank Network Management | UCITS | COLL 5.2 | Regulation Eligibility
Streamlining Compliance: How Technology Can Help Fund Managers Meet UCITS and COLL 5.2 Requirements?
Enhancing regulatory compliance in fund management: Discover how innovative technology is transforming the way Fund Managers meet UCITS and COLL 5.2 requirements. By leveraging cutting-edge solutions, firms can streamline reporting, automate data validation, and implement real-time risk monitoring, thereby reducing the administrative burden and associated costs. The strategic adoption of RegTech can enable fund managers to maintain compliance with regulatory obligations while focusing on core activities, ultimately driving business growth and investor confidence. Learn how technology can support your compliance efforts.
Cyber Risk | Cyber Security | Phishing Attack
An EvilProxy deep dive: From Outlook to Teams, the ￡1m heist
A UK-based multinational professional services group narrowly avoided a ￡1M business email compromise after a patient adversary manipulated an existing email thread to redirect funds. The fraud came to light when the finance provider flagged a missed quarterly payment. Initial investigations revealed a series of fraudulent emails altering bank details, but uncertainty remained about the scope of the compromise—until suspicious Microsoft Teams activity from the Finance Controller confirmed an account breach.?
Thomas Murray stepped in, leveraging Microsoft 365 platform logs and targeted analysis of affected accounts and devices to uncover the adversary’s sophisticated tactics and methods, restoring security and confidence.?
Company Updates
Partnership with UK Carbon Registry
We are pleased to announce that Thomas Murray has partnered with the UK Carbon Registry as their technology provider, facilitating secure and regulated transactions in the Voluntary Carbon Market. Our Orbit Diligence system, backed by over 30 years of expertise in global risk management, cyber security, and advanced technology, is ideally suited to meet UKCR's requirements. The platform supports comprehensive tracking of verification and validation, offers bank-grade security, and simplifies the issuance and trading of credits. Additionally, it provides the capability to directly issue and trade credits, enhancing the efficiency of processes for carbon project developers, reviewers, and traders.
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Company Updates
CREST Membership and Accreditation?
We're thrilled to announce that Thomas Murray has achieved a CREST penetration testing membership and accreditation.
This prestigious recognition is a testament to our team's expertise and commitment to delivering high-quality, industry-leading cyber security services. As a CREST-accredited member, we've demonstrated our adherence to the highest standards of professionalism, integrity, and technical excellence in penetration testing.
CREST is a well-respected, not-for-profit organisation that represents the technical information security industry. Their accreditation program is designed to ensure that member companies meet rigorous standards for quality, reliability, and trustworthiness.
Webinars
Throughout January, we hosted a weekly DORA Webinar Series, where our experts delivered in-depth insights into every facet of DORA. Topics covered included compliance status, threat-led penetration testing, incident reporting, and third-party risk management. You can conveniently access all the webinar recordings on our YouTube channel: Thomas Murray - YouTube.
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Register for our upcoming webinars in February:
Cyber Risk
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Thomas Murray Cyber Risk team is committed to keeping you informed about the latest cyber security threats and trends. With our?cyber alerts, you'll receive timely and actionable information on serious vulnerabilities that could impact your business. Get cyber intelligence delivered straight to your inbox:
For more industry insights, check out our newsletters
Risk Committee Updates - Monthly highlights from our experts’ assessments of markets and entities.
Cyber Series - Go behind the headlines with a weekly deep-dive into what’s shaping our digital world.
DORA Digest - Expert insights and analysis to help you on the DORA compliance journey.