The NCCoE's Zach Furness will participate on the panel “The Emerging Cyber Security Risk in Private Equity Investing" at the 2018 Texas Private Equity Conference in Austin, Texas on February 9 at 1:40pm. This session will examine the growing cyber security threat, strategies to identify risks, how the risks are changing, and the costs of securing corporate assets. Cyber security threats are dramatically increasing risks for private equity investors. The number of data breaches at US companies has increased dramatically over the past ten years, and the loss of intellectual property from breaches is expected to exceed $2 trillion globally by 2020. The risks for private equity investors include theft of intellectual property, loss of customer and supplier information, direct financial losses, and damage to corporate reputations; all of which lead to the direct loss of company value. 

Moderator:
Ken Wiles, Associate Director, Hicks, Muse, Tate & Furst Center for Private Equity Finance

Panelists:

Jake Olcott, Vice President of Strategic Partnerships, BitSight Technologies

Zach Furness, Technical Director, National Cybersecurity FFRDC, The MITRE Corporation

Boe Hartman, Chief Information Officer, GS Bank USA, Goldman Sachs

Brian Kelly, Chief Security Officer, Rackspace
Tim Millikin, Principal, TPG Capital and TPG Growth