Cybersecurity Considerations for Private Equity Firms: Mitigating the Cyber Risks of Portfolio Companies

As we approach the end of 2017 and reflect on the past year, it’s hard to ignore the recent surge in cybercrime and the financial, operational, and reputational losses that breaches have caused portfolio companies and M&A targets. Some notable examples include the $350 million (7%) deal adjustment on the Yahoo acquisition as well as the Whole Foods breach announcement that followed their acquisition by Amazon.

Today’s Top Technology and Cybersecurity Concerns and Priorities of Private Equity & Private Equity Real Estate Fund Managers

ACA team members recently participated in the Private Equity International (PEI) Private Fund Compliance Forum and the PERE CFOs & COOs Forum. Both events discussed technology adoption, operational improvements, and cybersecurity concerns. When polled, attendees noted:

Cybersecurity Webcast: Best Practices for Securing Workloads on Amazon Web Services

The world of enterprise IT security is rapidly changing. Even as the leading public cloud service providers have become more secure, customer concerns around securing their cloud environments remain high. According to a recent survey of security practitioners, security is the top barrier to cloud adoption. Organizations deploying workloads on Amazon Web Services (“AWS”) at scale are faced with new challenges because traditional tools and controls that worked well for security and compliance in the datacenter fail in public cloud environments.

FCA Identifies Cybersecurity as Top Risk in 2017/18 Business Plan

The FCA identified cybsersecurity as a top priority in their recently published 2017/18 Business Plan. In the plan, FCA Chairman John Griffith-Jones said, "Of the increasing risk areas that we have identified, one in particular stands out – cyber resilience. Cyber-attacks are increasing in number, scale and sophistication."

Introduction to Risk Management, Part 2: A Demonstration of the ACA Aponix Module in ComplianceAlpha

Information technology plays a central role in your business, so it’s important that your firm have a platform for managing its IT and cybersecurity risks. In part two of our Introduction to Risk Management webcast series, ACA Aponix's Raj Bakhru and Pascal Busnel will demonstrate the upcoming ACA Aponix module within ComplianceAlpha, ACA’s new compliance program management platform.

NYS DFS sets the standard for cybersecurity best practices with Article 23 Part 500 ("NYS-DFS 23 NYCRR 500")

Last week the New York State Department of Financial Services closed its request for comments on its new cyber regulations, Article 23 Part 500 ("NYS-DFS 23 NYCRR 500"). The rule will require new cybersecurity measures for firms that meet the rules’ definition of “Covered Entity.” Among other things, firms will be required to self-certify their compliance (see Appendix A of Part 500).

Announcing ACA Aponix's National Cybersecurity Awareness Month Campaign

This October, ACA Aponix will once again participate in the Stop.Think.Connect Campaign for National Cyber Security Awareness Month (NSCAM). Each week, we will feature a different theme and send you tips and best practices that can be applied to your life both in and outside of the office. These tips can be shared with your organization as appropriate.

This Year's Themes

Our 2016 campaign will feature the following themes: