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A very interesting read from the Private Equity sector on the SECs Cybersecurity Risk Management proposal for Investment Advisers, Registered Investment Companies, and Business Development Companies. It makes for a very interesting read, especially the SEC proposal comments page, representing a view of the proposal.
The article is a good read for PEs, and advisors. In general supporting the proposal, making the valid case that it pulls together existing responsibilities for fiduciary duty and the effects and obligations GPs have related to their portfolio companies. Making clear for the PE sector, if it wasn’t already, that cybersecuirty risk management is a value add, soon to be regulated, requirement.
Ted Dziekanowski Stephen Pitt-Walker, JD, FGIA Rachel V. Rose, JD, MBA
#cybersecurity #cyberriskmanagement #privateequity #securitiesandexchangecommission
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