AITEC and AIMA launch cyber security DDQ

AITEC and the Alternative Investment Management Association (AIMA), the global representative for alternative asset managers, today have launched a co-branded Illustrative Questionnaire for Due Diligence of Vendor Cyber Security.

The DDQ has been created to streamline the process of conducting due diligence on vendors servicing the alternative asset management industry. The DDQ represents the superset of critical questions compiled by a committee of AITEC and AIMA members who are experienced in technology and operations.

The questionnaire will enable the industry to approach vendors as a single voice, consequently providing efficiencies in communication and ultimately increasing the market’s understanding of technology infrastructure.

AITEC, a private secure community of senior professionals sharing advice, knowledge, insights and best practices for the betterment of the alternative investment industry, and AIMA will host an introductory webinar for members on 14 July. The webinar will address the current regulatory landscape for vendor due diligence, accessing and utilising the AITEC-AIMA DDQ, modifications in the AITEC-AIMA DDQ from the legacy AITEC DDQ, and the value proposition of the AITEC-AIMA DDQ in a vendor management programme.