Cybersecurity is a key risk factor for most industries today, but it plays a critical role in the financial sector. The nature of financial institutions and banks inherently makes them a target for criminal cyber activity, as these organizations not only conduct large transactions, but also hold the financial and personally identifiable information (PII) of customers. Additionally, as online and mobile banking has become increasingly normalized, but security practices often fall behind, threat actors today enjoy many opportunities to exploit vulnerabilities. Equally, the rise of cryptocurrencies and digital assets poses yet another risk. In response to these growing threats and incidents, regulatory bodies have been introducing guidance and regulations for the financial sector to best mitigate and prepare against cybersecurity risk.
- Attorneys advising businesses today will find this review of the financial sector’s cybersecurity regulatory status a helpful guidance to their practice.
- Technology Professionals: This class is an opportunity to be introduced to the relevant laws and regulations that govern cybersecurity in the financial sector. This discussion can be an opportunity to better understand concerns from your legal department and enhance communication, compliance, and risk management.
In this online webinar, our expert panelists begin by introducing cybersecurity and highlighting the key industries facing the most risk. Next, our speakers break down the Gramm-Leach-Bliley Act (GLBA), discussing the regulated parties, detailing the contents of its three sections, and reviewing the consequences for non-compliance. Our experts then review the role of the SEC, its cybersecurity guidelines, and recently published proposed rules. Our speakers conclude with a discussion of the existing and potential effect of federal cybersecurity regulations on businesses and their counsel.
Topics covered in this webinar:
- Introduction to Cybersecurity
- Gramm Leach Bliley Act (GLBA)
- Securities and Exchange Commission (SEC)
- Key Takeaways for Businesses and Their Counsel
FEATURED SPEAKERS:
Daniel B. Garrie, Esq. – Founder, Law & Forensics; Neutral, JAMS; Faculty, Harvard
Brian Levine – Managing Director, Cybersecurity and Data Privacy, Strategy and Transactions, Ernst & Young
Karen Evans – Managing Director, Cyber Readiness Institute
David Krebs – Partner, Miller Thomson LLP
Nathan Salminen – Counsel, Hogan Lovells LLP