Cybersecurity: Today, we have a little step-by-step guide on how to manage cybersecurity risks in your portfolio, from the folks at Crossword Cybersecurity. Stuart Jubb, head of consulting at the UK firm, explains how risks at the portfolio level should be assessed, categorized and remediated, and underlines the importance of getting the board on-side early.
Also cybersecurity (but also AML): Venture capital-backed Enveil recently completed Series A funding and Connor Hussey spoke with the company’s CEO about the firm’s plans to expand into anti-money laundering and know-your-client technology. Less of a thing for US private funds, to be sure, but I’m interested to know how many of our European and UK readers use service providers on this front, as European (and UK) AML rules have gotten increasingly rigorous for alternative investment managers in recent years. The EU’s Fifth Money Laundering Directive went into force in January, and member states will have different requirements, but all will comply with the requirements on beneficial ownership registration, and the general direction of travel is clear — it’s likely only going to get more strict.
Email prepared by Graham Bippart