Ultra-high-net-worth individuals (UHNWIs) often prefer to keep a low profile. Yet in today’s digital era, discretion alone no longer suffices. Cybercriminals now target family offices—the specialized entities managing the wealth and affairs of the world’s wealthiest families.
Cyberattacks on financial institutions are hardly rare these days, yet few entities shoulder as much risk as family offices tasked with safeguarding ultra-high-net-worth (UHNW) clients. IBM Security’s “Cost of a Data Breach” report places the global average expense of a breach at $4.45 million, noting that incursions into financial services typically run almost 10 percent higher than those in other sectors.
During the Los Angeles wildfire of January 2025, the owner of the Palisades Village Mall took a decisive step to protect his property: He hired private firefighters to defend it from the flames. This proactive approach to fire protection is just one example of how wealthy individuals are securing essential services privately, supplementing or even replacing public resources to safeguard their assets and ensure continuity.
During the Los Angeles wildfire of January 2025, the owner of the Palisades Village Mall took a decisive step to protect his property: He hired private firefighters to defend it from the flames. This proactive approach to fire protection is just one example of how wealthy individuals are securing essential services privately, supplementing or even replacing public resources to safeguard their assets and ensure continuity.

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