Cybersecurity - Private Equity Firms Sharpen Their Focus

Cybersecurity has become an increasingly regulated area of risk for many businesses in the digital world. As technology has advanced and cyber-attacks have become more sophisticated, the measures needed to protect business' data from breaches become more extensive too. This is mirrored by an increased regulatory environment where sanctions are implemented more strictly and conservatively by regulators.

Businesses need to review their cybersecurity practices and consider the associated risks that come with holding different types of data. For example, commercial and financial data can be incredibly valuable to business operations, but can also cause significant disruption to business if compromised. Additionally, when processing personal data, there is an added risk of breaching data protection legislation and being subject to action, including significant fines, from data protection regulators as well as complaints from individuals.