4a. ALL - Cybersecurity: Safeguarding Against Evolving Threats in the Digital Age (Intermediate)
Cyberattacks continue to escalate in frequency, sophistication, and impact across the financial services industry. Threats are increasing from account takeovers, ransomware, data breaches, and financial exploitation. The financial and reputational risks are substantial, including compliance failures and regulatory repercussions (e.g., SEC rules, state regulations). For private equity managers, these risks may also be relevant to their portfolio companies. This session will review critical considerations to reduce the risk of a cybersecurity event, including the supervisory controls needed to protect sensitive electronic data. It also will consider actions to develop operational resiliency to mitigate the impact of a realized threat. Reporting requirements and privacy regulations are considered in other programs. This session is open to regulators but closed to members of the press.
