Heather Stone, a Partner based in the Boston office and Co-Chair of Locke Lord’s Investment Adviser & Alternative Funds group, was quoted in an article addressing the need for attorneys to advise private equity clients on how best to prepare for and prevent cyberattacks.
Stone noted a shift for the private equity sector leading to increased preparation for data breaches and hacks, saying: “Clients previously said that they thought this was an operating company thing that wouldn’t really affect private equity. Now that it has though, we realize a lot of them haven’t thought about insurance. Some of them don’t have insurance, and now management fee dollars are going to pay for forensic analysis and remediation. They were caught real flat footed.”
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