Cyber risk: The silent killer in private equity

In today’s digital age, cyberattacks remain a constant threat to businesses and individuals. Attacks on portfolio companies have surged, with ransomware up over 70% in two years and average breach costs exceeding $4.5m. For private equity (PE) firms, the impact of these incidents can be hugely detrimental. Many middle-market companies acquired by PE firms work with insufficient IT infrastructure, legacy systems, and security protocols. They also often lack dedicated security personnel, rely on outdated software, and maintain inadequate incident response capabilities; these flaws can be devastating...