Privacy, Cybersecurity: What Private Equity, Restructuring Pros Need to Know
July 15, 2017
Private equity and restructuring professionals face unique challenges complying with privacy and cybersecurity requirements both within their own organizations, and when working with outside organizations such as acquisition targets or clients.
Private equity firms may face security risks when information technology systems and information are shared across affiliates and between portfolio level companies and the holding company, and may face privacy liability when sharing personal customer information between and among their affiliates.
Restructuring professionals may face liability from, or restrictions on the use of, sensitive data (which can often be a failing concern’s only saleable asset) if they come into possession, custody or control of that data during the course of a restructuring engagement.
Otterbourg’s Erik Weinick discusses these and other related issues in an article entitled: “Privacy, Cybersecurity: What Private Equity, Restructuring Pros Need to Know,” published in the July/August issue of the Journal of Corporate Renewal, a copy of which may be found here.