Privacy and cybersecurity issues continue to garner significant attention in the U.S. and abroad. Private investment funds registered with the SEC and their portfolio companies will likely see increased regulatory scrutiny relating to privacy and cybersecurity in the U.S., as will their counterparts in Europe.
This article focuses on recent developments in the U.S. and global enforcement and regulatory landscape—with a particular emphasis on developments in California, the EU, and the U.K. The enhanced regulatory focus on privacy and cybersecurity has been accelerated not only by recent changes in applicable regulatory frameworks, as discussed below, but also by changes in the nature of work in light of the pandemic. These developments are likely to spawn increased enforcement activity and litigation.
Reproduced with permission. Originally published August 2021, "Regulatory Oversight of Privacy, Cybersecurity & Private Investment Funds," Bloomberg Law. Copyright © 2021 The Bureau of National Affairs, Inc.