The recent, widely-publicized cybersecurity breaches at major public companies such as Target, Home Depot and JPMorgan Chase have placed cybersecurity issues on the radar of both regulators and private fund managers. Cyber breaches can give rise to regulatory, reputational and enterprise risk. In that regard, a recent panel discussion considered the current regulatory climate on cybersecurity in both the U.S. and the E.U., and the key cybersecurity risks and compliance issues facing private fund managers. Speakers at the discussion included Weil, Gotshal & Manges LLP partners Barry Fishley and Kyle C. Krpata, and counsel Paul A. Ferrillo. For a comprehensive look at cybersecurity for private fund managers, see “Cybersecurity for Hedge Fund Managers: Compliance Best Practices, SEC Examinations and Cyber-Liability Insurance,” Hedge Fund Law Report, Vol. 7, No. 25 (Jun. 27, 2014). For a discussion of specific cybersecurity threats, see “Evolving Operational Due Diligence Trends and Best Practices for Due Diligence on Emerging Hedge Fund Managers,” Hedge Fund Law Report, Vol. 7, No. 15 (Apr. 18, 2014).