You Will Be Hacked: Practical Lessons in Preparing for and Responding to Cyber Incidents

On April 29, 2019, Friedman Kaplan litigation partner Anne Beaumont moderated a panel at the GAIM Ops Cayman  conference titled "You Will Be Hacked: Practical Lessons in Preparing for and Responding to Cyber Incidents."  Ms. Beaumont was joined by panelists Michael D’Angelo, General Counsel and Chief Operating Officer at Saba Capital Management, Simon Fludgate, Partner and Head of Operational Due Diligence at Aksia, and Jason Elmer, Managing Partner of Drawbridge Partners, LLC. The panelists compared experiences with cybersecurity due diligence from the perspectives of a manager, an ODD provider and a cybersecurity consultant, with a focus on practical examples and how due diligence needs to evolve to address the fact that virtually every firm can be expected to have experienced some sort of cybersecurity incident.

GAIM Ops is the alternative industries’ largest annual event for middle and back office professionals. Every year it brings together 500+ COOs, CFOs, CCOs and general counsels from hedge fund and other private funds, alongside heads of ODD and operations from institutional investors for a unique cross-section of perspectives and peer-to peer-learning.  It took place from April 28-May 1, 2019 at the Ritz Carlton in Grand Cayman.