Data Privacy and Cybersecurity Considerations for Private Fund Sponsors during Lender Due Diligence
Global Legal Insights’ tenth edition of “Fund Finance” features a chapter titled, “Data Privacy and Cybersecurity Considerations for Private Fund Sponsors during Lender Due Diligence,” authored by Akin fund finance partners Matt Bivona and Corinne Musa, co-leader of Akin’s cybersecurity, privacy & data protection practice Natasha Kohne and finance counsel Trevor Vega.
This chapter provides fund sponsors and their counsel with an overview of the current data privacy and cybersecurity landscape and explores some of the legal and practical implications for sponsors when retaining and sending investor data during the lender due diligence process. It also (i) highlights potentially applicable data privacy statutes and regulations under U.S. federal and state law, and (ii) discusses cybersecurity best practices, policies, and technical measures that sponsors can implement to improve the security of the lender due diligence process.
