In the past two years, cybersecurity has become a leading buzzword – if not the leading buzzword – in the hedge fund compliance community.  In recent months, the cyber focus has become even more intense for the hedge fund industry, as every week seems to bring a new major cyber regulatory development.  Consequently, keeping up with cyber compliance news is challenging for hedge fund compliance personnel.  Regulators have done a tremendous job of sharing principles-based guidance with the compliance community, clarifying regulatory expectations to assist firms with respect to cybersecurity.  In a guest article, the first in a two-part series, Moshe Luchins, the deputy general counsel and compliance officer of Zweig-DiMenna Associates LLC, provides hedge fund compliance professionals with an outline of the regulatory expectations in the area of cybersecurity.  The second article will provide hedge fund managers with a practical blueprint to build a cyber-compliance program.  For more on cybersecurity, see “PLI ‘Hot Topics’ Panel Addresses Cybersecurity and Swaps Regulation,” Hedge Fund Law Report, Vol. 8, No. 43 (Nov. 5, 2015); and “K&L Gates-IAA Panel Addresses Regulatory Compliance and Practical Elements of Cybersecurity Testing (Part Two of Two),” Hedge Fund Law Report, Vol. 8, No. 21 (May 28, 2015).