The idea that cyber security can be left to the IT professionals alone is a common misconception. In particular, finance professionals need to have a strong awareness of the risks and be able to engage knowledgeably with their IT colleagues. Finance functions need to be aware of the increasing array of data security and privacy regulations in the US and Europe.
My colleagues Art Ehuan and Mark McMahon are addressing these concerns in an upcoming event in New York tailored to finance and compliance professionals working in hedge and PE funds. They will be joined by Jay Kramer, a partner specializing in Data Privacy and Cyber Security at Lewis Brisbois. Both Art and Jay are ex-FBI as well as have a great deal of private sector experience.
We welcome executives from PE and hedge funds to join our event. Register here.
When finance chiefs ask their teams what they’re doing to protect their employers from cyberattacks, they inevitably get answers involving “IT-specific concerns like malware, firewalls, and virus scans,” writes FM Global CFO Kevin Ingram in our special report on preventing cybersecurity. But preventing cyber risks requires finance chiefs to look far beyond the realm of the techies. “CFOs need to pause and broaden their perspective, examine cyber-related business risk in the areas of physical security and in industrial controls as well,” according to Ingram.