Private Equity

The private equity industry continues to prioritize cybersecurity and IT compliance to protect their sensitive financial data and intellectual property, prevent data breaches and cyber attacks, and meet regulatory requirements. Private equity firms adhere to IT Compliance frameworks such as GDPR, CCPA, and SOC 2 to ensure the protection of sensitive data and meet regulatory requirements. Overall, the private equity industry is placing a greater emphasis on cybersecurity and IT compliance to protect their investments, maintain trust with their stakeholders, and avoid costly penalties for non-compliance.

Broker-Dealer Companies

Many brokers/dealers perform cybersecurity and IT compliance audits. A broker/dealer’s primary business is trading securities for its own account or on behalf of its customers. Although many broker/dealers are “independent” firms solely involved in broker/dealer services, many others are business units or subsidiaries of commercial banks, investment banks, or investment companies. Implementing a robust compliance program can be used as a competitive advantage. 

Electronic Payment Systems

Many companies which provide electronic payment systems undergo cybersecurity and IT compliance audits. Electronic payment systems often involve the use of electronic money that is stored digitally. When managing electronic payment systems, maintaining customer trust is a critical aspect to the business. Implementing a robust compliance program is critical when maintaining an electronic money system.

Strengthening Cybersecurity for Private Equity Companies

Increasingly, private equity companies are asked to implement and maintain a compliance program that demonstrates their commitment to a strong system of internal controls. Control frameworks (such as SOC 1, SOC 2, ISO 27001, etc.) are widely accepted and help private equity differentiate themselves from their competitors by demonstrating their commitment to maintaining a strong IT compliance program.

If you're in need of cybersecurity solutions to protect customer data and prevent data breaches and cyber attacks at your private equity firm, look no further than CyberGuard Advantage!