2020-07-13 TCW Direct Lending LLC Cybersecurity Incident

Page last updated on April 11, 2024

TCW Direct Lending LLC initially disclosed a cybersecurity incident in an SEC 8-K filing on 2020-07-13 11:38:59 EDT.

Incident Details

Material: Unknown
Is Breach: Unknown
Records Compromised: Unknown
Data Types Impacted: No Data Types Tracked (yet)

Compromised Date:
Detected Date:
Disclosure Date: 2020-07-13
Contained Date:
Recovered Date:

Attack Goal: Unknown

Costs: No Costs Tracked (yet)

Filings

8-K filed on 2020-07-13

TCW Direct Lending LLC filed an 8-K at 2020-07-13 11:38:59 EDT
Accession Number: 0001193125-20-191687

Item 8.01 Other Events.

TCW Asset Management Company LLC (the “Adviser”), the investment adviser to TCW Direct Lending LLC (the “Company”), is investigating and working to resolve a cybersecurity incident that has affected it and its affiliated parent company and related investment advisers (collectively with the Adviser, “TCW”). As part of this investigation, TCW has engaged third-party cybersecurity experts and law enforcement to address the incident. TCW has implemented a series of containment and remediation measures to resolve this issue.

The incident did impact some of TCW’s computer systems, but the Adviser so far has been able to maintain its critical business activities, including trading and portfolio management for the Company.

TCW currently does not believe that the Company has been materially affected by this incident. All assets of the Company are held with its third-party bank custodian. That custodian was not affected by this incident.

TCW takes the security of client and investor data extremely seriously and regularly reviews its systems to protect them against these types of incidents. TCW’s investigation is ongoing, and it is possible that further unexpected problems may be discovered. However, TCW does not have indications at this stage that Company or investor data was stolen.

We know how important your trust is in TCW, and TCW is taking steps to further enhance its security program to help prevent similar incidents from happening in the future.

Company Information