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Rep. Higgins presses witnesses on risk when equity firms buy small infrastructure firms and drop cybersecurity
Summary
Rep. Clay Higgins asked industry witnesses whether the common private-equity practice of buying small infrastructure firms and cutting cybersecurity contracts poses long-term national security risks; witnesses agreed it creates significant vulnerabilities that can be exploited by threat actors.
Representative Clay Higgins told the House Homeland Security Subcommittee he is investigating reports that equity firms buying small companies connected to critical infrastructure sometimes eliminate cybersecurity protections, creating windows of vulnerability that could be exploited by foreign or criminal actors.
Higgins described the pattern he said he has observed: firms purchase…
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