An area that all companies increasingly focus on is the growing threat of potential cybersecurity breaches. To support company-led cybersecurity activities we have engaged Orpheus Cyber to provide cyber risk ratings for all our portfolio companies. Managing this risk will help to avoid value erosion in the portfolio from a cyber-attack. As well as reducing risk for TDR and the specific portfolio companies, Orpheus will enable TDR to prioritise spending on the most essential cybersecurity issues going forward.
Through our engagement with Orpheus we have been able to identify areas for improvement within our portfolio companies, highlighting these to management teams for action. This has allowed companies to direct their resources towards the most critical, immediate risks and provide a further line of defence to safeguard against potential cyber-attacks.