Data Security: Legal & Strategic Considerations for Financial Institutions, Asset Managers and Others
May 23, 2017
Legal compliance and an effective information security strategy are two
of the most important data security issues facing boards and management
of financial institutions, asset managers and other companies.
David Lallouz and
Michael Riela, partners in the Cybersecurity and Data Privacy practice group of Tannenbaum
Helpern Syracuse & Hirschtritt LLP, discussed recent important regulatory
developments and considerations in the data security field.
Arnold Felberbaum (the former Chief Information Security Officer of AIG and Reed Elsevier) and
Stewart Koenig, Managing Director, both of Prime Consulting International LLC, discussed
boards’ and senior management’s obligations regarding cyber
preparedness and response, risk assessments and technical requirements.
The webinar covered the following topics:
- Background on the scope of cybersecurity risks to the financial markets
and the impetus for broad regulation.
- Overview of the legal and regulatory requirements imposed on financial
institutions, asset managers and other companies.
- How the recent New York State Department of Financial Services cybersecurity
regulation impacts both financial institutions and companies that are
not regulated by the NY Department of Financial Services.
- Key information security strategies (e.g., executive accountabilities,
technical requirements, risk assessments, required reporting and vulnerability
assessments).
- How asset managers and other intermediaries can address the increasingly
stringent data security demands from investors, including investor demands
for increased documentation, employee training, and diligence on third
party vendors.
For more information,
click here.