Finally, don’t let cost be a barrier. Family offices and private equity firms have considerable collective buying power. Purchasing needed security and legal services for both the core and portfolio companies can allow firms to obtain substantial discounts.
The onset of a breach is the very worst time for a business to be scrambling for help. Firms need to line up the right relationships now to ensure they have someone to call and a plan in place when an event does happen. To protect their reputations and assets, family offices and private equity firms need to manage their cyber security as thoughtfully as they’re managing their business interests.
Jim Rosenthal is CEO of BlueVoyant and Austin Berglas is global head of cyber forensics and incident response for BlueVoyant.