Whack-a-Hacker: How Portfolio Companies Dance with Cybersecurity Threats and Regulator Rhythms
PE companies, beware! Cyber attackers are eyeing your treasure trove, and regulators are playing a high stakes game of ‘fine or jail’ for cybersecurity failings. Directors, it’s time to dust off your incident response plans and face the music. Because in this era of personal accountability for cybersecurity failings, ignorance is definitely not bliss!
Hot Take:
Well, well, well, if it isn't the cyber attackers again, taking aim at the well-stuffed wallets of PE companies. The poor directors are now facing the music for any cybersecurity blunders. It's like a high stakes game of whack-a-mole, only the mole is an elusive hacker, and the hammer is a hefty fine from regulators. So, if you're sitting pretty atop a portfolio company, you might want to take notice, and quick, because those cyber boogeymen are coming, and they're after your data and your dollars.