CDSA

Cyber Security Efforts Require Individualized Planning and Execution (Forbes)

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As cybersecurity risks have increased world-wide, both the SEC and the NFA have dictated that hedge funds and private equity funds have a plan to assess, manage and address risks and incidents. The security threat to private funds is real for all types of funds, big and small, complex and simple.

However, cybersecurity planning for this group must be individualized to a great extent due to the wide range of IT configurations that exist. This article will discuss the required elements of cybersecurity planning as they relate to a variety of typical private funds, including hedge funds and private equity funds.