A leading private equity firm taps cloudskope to decrease portfolio risk

Private equity firm elevates cybersecurity and risk across their portfolio companies driven by M&A and GDPR.

THE PROBLEM

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A leading private equity firm set out to create a consistent methodology and operational plan for cybersecurity and data protection across all their portfolio of global companies in 6 months or less. The European Union’s (EU) Global Data Protection Regulation (GDPR) was a key driver of this initiative at a time when the political climate was nonpermissive. The goals of this initiative included the ability to monitor and analyze overall cyber threats and response team performance to plan to prevent actions for offices considered to be at risk.

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HOW CLOUDSKOPE HELPED

The Cloudksope Cybersecurity and Risk teams helped the company develop a scalable and repeatable cyber and vendor risk assessment process with specific processes for M&A and post-close integration that includes:

• Due-diligence checklists and methods for pre-deal analyses
• Tiered ranking systems to identify critical risks
• 360 lens and metrics on several areas of operation
• Assessment workflows, strategy, and project management
• Deal tracking dashboards for a single pane of glass across all companies

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THE RESULTS

Systematic and comprehensive risk reports and overview across their entire portfolio:

• A newly integrated and uniform risk analysis process across all portfolio companies
• Risk reports across each portfolio company
• Cohort analysis of risk across multiple categories
• Every company has an end-to-end program for cyber, risk, and EU GDPR.

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CONCLUSION

The final result of this highly successful project was the development of a holistic view of threats and risk across the entire portfolio of companies, with actionable items for remediation classified by each company and the elevation of risk management to the boardroom in an entirely new way.

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