Tax, audit and advisory firm Grant Thornton has ideas. “Some sort of shared access, as opposed to aggregated purchasing, may gain some of the advantages without triggering these issues (challenges in portfolio-wide cyber insurance requirements and purchasing.) Another promising approach would be for PE firms to create financial incentives, possibly funded by a shared pool, for portfolio companies to implement best practices and minimize cyber incidents. Participants speculated that this could appreciably lower the cost of capital.”
Read the report here.