Operational Due Diligence (ODD)
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Webinar Recap: SEC and Cybersecurity in 2023 – The Steps Your Firm Must Take Today
In 2022 the SEC made cybersecurity an examination priority and proposed new comprehensive cybersecurity rules for alternative investment advisors and funds. With this increased attention, cybersecurity is no longer only a matter of protecting a firm’s reputation; it’s a critical component of compliance that can significantly impact your business operations. As we await new SEC…
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Top Events That Shaped Cybersecurity and Resilience in 2022
There are thousands of breaches and cyber events each year, across geographies and industries – some that garner intense media coverage, and many that fly under the radar. Global regulators are continuing to ramp up the pressure on companies to improve cybersecurity resilience and implement safe data practices. As we enter 2023, it’s important to…
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Cybersecurity Law Report: Ten cybersecurity resolutions for financial services firms in 2023
Companies in the financial services sector are a natural target for hackers given the value and nature of the data they manage. Faced with this threat, there are a number of steps firms can take to mitigate risk. In this article for Cybersecurity Law Report, Drawbridge President Jason Elmer shares his input on how companies…
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Cyber Security Intelligence: Cybersecurity: Prepare for the year ahead
2022 was a notable year for financial services cybersecurity regulations including increased requirements from the SEC. The new SEC proposed comprehensive rule change will clarify the expectations of firms to achieve compliance, meaning many firms will have to fortify their cybersecurity strategies for 2023. In this article for Cybersecurity Intelligence Drawbridge CISO Simon Eyre predicts increased penalties…
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August 19, 2022: Drawbridge Releases Latest Version of Cybersecurity Program Management Platform
Release continues focus on quality-of-life and functional enhancements. Drawbridge is pleased to announce another update to the Drawbridge cybersecurity program management platform . We completed QA earlier this week and promoted the latest version of the platform to production overnight. Following is a recap of enhancements released this week. Continued Focus on Vulnerability Management Drawbridge continues to…
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Cyber Risks and Solutions for Third-Party Vendors
Third-party vendors are an important aspect of modern business. They enable the use of complex tools and connectivity within one’s firm, freeing up the client to focus on their core business. However, the use of third-party vendors does expose clients to added cyber risks. Due diligence has become a necessary part of doing business with or through…
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IBS Intelligence – Don’t be an open window: combatting cyber threats for private equity firms and their portfolio companies
In this featured piece in IBS Intelligence, Drawbridge CEO Jason Elmer shares timely advice for private equity firms and their portfolio companies. “Like most criminals, cyber hackers want an easy life. Just as burglars prefer forgotten open windows over picking front door locks as a way in, so their digital counterparts are looking for targets…
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Privately-Backed, Midsize Companies are Becoming Targets for Hackers. Here’s How to Respond.
This week, the Wall Street Journal published an important article on cybersecurity for Private Equity and Venture Capital, with a focus on cyber risks facing Portfolio Companies. The Journal presents three key takeaways: Key Takeaways Midsize companies raising capital, or who have recently announced funding, are becoming increasingly attractive targets for hackers. A “perfect storm” of reasons…
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Cybersecurity Best Practices for Venture Capital Firms
Technology-focused investment firms are at elevated risk for cyber breaches of any kind, even relative to more traditional or diversified funds. As cybercriminals continue to advance their methods for stealing from and defrauding businesses, it is important to consider one’s cybersecurity measures and how to fight back against advancing crime–particularly for the partners and employees…
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Traders Magazine: Outlook 2022: Simon Eyre, Drawbridge
Drawbridge CISO Simon Eyre shares cybersecurity insights from 2021 and predictions heading into 2022.
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As cyber criminals evolve, how can hedge funds respond?
Originally Published in Alternatives Watch. Just a month after the SolarWinds attack, the Superintendent of Financial Services for the N.Y. State Department of Financial Services noted that a cyber-attack could trigger the next great financial crisis. While this idea may seem far-fetched or sound like the plot of a Black Mirror episode, the truth is that…
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Market Spotlight: Enhancing Cybersecurity for Hedge Funds
There has been increased focus on cybersecurity for hedge funds within the last several years. This has only been exacerbated by the Coronavirus Pandemic, which has seen the need for industries worldwide to focus on cybersecurity procedures during an unprecedented transfer to online business. This need has caused regulators to take further interest in cybersecurity…
