In a move to protect fund information, the Securities and Exchange Commission (SEC) recently proposed cybersecurity rules for registered fund advisors and investment companies. The updates to the Investment Advisers Act of 1940 would require a minimum set of cyber risk management protocol for registered funds, and additional disclosure requirements for funds that experience an information security incident.
Topics: Private Equity & Venture Capital, PE/VC, SEC
Data security is a top-rated concern for businesses in all industries, and private equity (PE) and venture capital (VC) firms are no exception. The threats to PE and VC firms are so pervasive that in 2015, the Securities and Exchange Commission (SEC) released guidance to help companies manage their security risks.
Topics: cybersecurity, cyber security, IT Risk, Private Equity & Venture Capital, PE/VC, data attacks, information security risks
