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Tag Archives: cyber incident

The Trend Continues: Increased Regulatory Focus on Privacy & Cybersecurity for Private Funds

By Margaret A. Dale, Michael R. Hackett, William Komaroff, Timothy W. Mungovan, Dorothy Murray, Joshua M. Newville, Todd J. Ohlms, Robert Pommer, Seetha Ramachandran, Robert Sutton, John Verwey, Jonathan M. Weiss, Julia Alonzo, Julia M. Ansanelli, Charles Bishop, Massimo B. Capizzi, William D. Dalsen, Adam L. Deming, Reut N. Samuels, Michael Singh and Hena M. Vora on Posted in Asset Management, Compliance, Cybersecurity, Enforcement, Private Equity, Regulation, SEC
Recent enforcement actions highlight the increased regulatory scrutiny that private funds may face with respect to internal cybersecurity protocols and responses to cyber-crimes and cyber incidents under new and updated cybersecurity laws. … Continue Reading

Regulatory Crackdown on Ransomware

By Seetha Ramachandran, Nolan Goldberg and Hena M. Vora on Posted in Compliance, Cybersecurity, Enforcement, Regulation
Ransomware is a Serious and Growing Problem In recent years, Ransomware has evolved from merely encrypting files/disabling networks in solicitation of ransom, to sophisticated attacks that often involve actual data access, theft and sometimes, the threat of publication. These sophisticated malware attacks frequently destroy backups and provide criminals even more leverage over their victims, coercing … Continue Reading

Private Equity and Cybersecurity: A Guide to Preparing for and Responding to a Breach

By Alexandra V. Bargoot, Margaret A. Dale and Samuel J. Waldon on Posted in Asset Management, Compliance, Cybersecurity, Disputes, OCIE, Private Equity, SEC
A cyber breach can have serious legal, financial, and reputational consequences for a fund sponsor, as described in our previous post. As such, cybersecurity threats must be treated as business risks, not just a potential IT problem. Senior management at fund sponsors should take the lead to ensure that the sponsor is taking appropriate actions … Continue Reading
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