Cybersecurity Threats in Private Equity: Know Your Enemy

Over the past 15 years, hackers and threat actors have moved from the basement to the boardroom, going from one-person operations to professional organizations – which means private equity firms and their portfolio companies need to be more focused than ever on cybersecurity. In this video, Serge Jorgensen, a consulting principal at Crowe, provides an overview of the cybersecurity landscape and threats posed by sophisticated threat actors. Jorgensen specializes in cyber intelligence, preparedness, and incident response, and covers topics like:

• The economics driving cybercrime, with organized groups making billions of dollars per year
• The different types of threat actors and their known schemes
• The role of AI in accelerating malware development and tactics like deep fakes
• Using the National Institute of Standards and Technology (NIST) framework to assess cybersecurity readiness and reasonableness
• Asking the right questions to identify control gaps

It’s vital for firms to deeply understand threats, identify control weaknesses, and take a proactive, substantive approach to cybersecurity – especially in the face of new and evolving technology.