With cyber threats and techniques continually evolving, the likelihood an organization small or large will experience a breach has increased significantly. In particular, the rise of ransomware-as-a-service means that huge numbers of unskilled attackers can monetize attacks on smaller organizations.
Indeed, smaller organizations have become the primary target for attacks due to having a reputation of poor cyber hygiene and attracting less media and law enforcement attention for hackers. A recent study found that 82% of ransomware attacks target organizations with fewer than 1,000 employees.
It has become imperative that PE firms institute a “next level” of portfolio oversight: oversight that is formal, programmatic, and grows valuations. These more far-reaching cybersecurity portfolio oversight programs will meet increased investor expectations on cyber as well as safeguard and grow the valuation of investments.
In our experience, we regularly run into the same myths or misconceptions about the role of, and barriers to, building out a programmatic portfolio oversight capability.
In this series, we debunk some of the most common myths, providing your firm with the first…
