HITRUST®, a leading data protection standards development and certification organization, announced a collaboration with Frist Cressey Ventures to form the Venture Capital Advisory Council (“VC Council”) and Venture Program, comprised of some of the most influential venture capital firms. As venture capital firms seek to reduce cyber risks and data breaches within their portfolio companies, they incorporate information risk management into their due diligence and investment decision making processes, recommending portfolio companies demonstrate the appropriate levels of information security and privacy, and regulatory compliance.
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