Asian PE firms cutting cybersecurity spend

Asian private equity firms plan to spend less on cybersecurity this year, even as their peers elsewhere look to boost their outlay in this area, according to a survey* from PE fund administrator Augentius. This could leave their clients' investments more vulnerable to hacks. The paper, due for release today, polled both investors and managers and highlighted other findings on market sentiment, Brexit and industry challenges.  The bulk of European and American managers raised the…