Guarding the gates: Cybersecurity for private equity firms
INSIGHT ARTICLE |
Cyberattackers are getting smarter and acting faster. Cybercrime is the biggest threat to the financial system and this includes the private funds industry which has recently seen several high-profile cybercrime cases. Despite awareness that cybersecurity is a must-have, general partners are often left wondering how best to approach it.
At a time when private equity firms are already being hit by increasing compliance requirements and costs related to the business continuity, fees and expense reporting and standardization, cybersecurity has emerged as yet another major burden for general partners. In this article, five industry leaders, including Daimon Geopfert, national leader for RSM US LLP security and privacy services practice, discuss how private equity firms can stay a step ahead of the latest threats.