Partner Jonno Forman is quoted in a Nov. 6 Regulatory Compliance Watch article titled "Cyber reporting requirements for nonbank firms adopted" (subscription required).
New federal cybersecurity rules “require exempt private fund managers and other nonbank companies to alert officials about security breaches,” according to the article.
As a result, private equity managers “should understand how the requirement will impact the privacy and information security programs at their fintech portfolio companies as well as their potential litigation and regulatory exposure,” Forman says.