Operational Due Diligence

"Whether it's institutional investors or private wealth management, investors are looking deeper into funds' practices," Guilbert said. "Most investors put together due diligence questionaires. The depth and breadth of those questions is becoming broader in terms of the cybersecurity space. Funds will hire IT or security consultants to help formulate the questions. Are there physical, cyber, or written security information policies in place? What's in place for mediation, communication? It's a much deeper look. There are still a lot of assets flowing into the alternative investments space. It's a double-edged sword, because it creates awareness in the hacking community."