Cyber and Data Risk - What Keeps You Up at Night? (2014)
Risks to digital assets are evolving as new technologies, product personalization, emerging payment systems, and electronic wallets proliferate in the global digital economy. Recent data breach events have demonstrated that shareholders will hold the Board and Senior Management accountable for exposure and loss of data assets, while at the same time there is little tolerance from regulators, especially when consumers may perceived to be harmed.
In this new paradigm, effective enterprise-wide data risk management programs need to address strategy, operations and compliance consideration that cover issues ranging from the board room, to IT, to legal and compliance, and to the consumer. Whether you are a large financial institution or a FinTech start-up, successfully addressing data assets risks is predicated on designing and deploying an integrated plan across your entire organization.
Buckley Sandler and invited panelists discussed the following topics:
- Evolving nature of data and privacy risks
- Role of the Board & Senior Management
- Privacy and security program development
- Cybersecurity, data protection, and data breach response
- Privacy and security gap assessments and reporting
- Managing change and developing risk aware cultures
When: Wednesday, December 10, 2014 from 12:00 to 1:00 pm EST; click here to download slides.
Margo H.K. Tank is a partner of Buckley Sandler LLP, where she advises financial services institutions and technology companies on structuring online and mobile financial services product offerings in compliance with the ESIGN Act, the UETA, and other laws governing electronic financial services transactions, electronic chattel paper, mobile payments and mobile wallets, prepaid access, virtual payment methods, privacy and data security, money transmission, and UDAAP. Buckley Sandler’s Data Privacy, Cyber Risk & Data Security practice has been ranked in The Legal 500 U.S., 2012-2013.
About Our Digital Commerce & Payments Practice
Buckley Sandler's Digital Commerce & Payments Practice focuses on advising financial institutions, technology companies, investors, and payments innovators on a range of privacy, cyber risk, and data security matters and in designing, structuring, and implementing digital commerce and digital payments platforms in compliance with federal and state laws, regulations, and industry best practices. For more about the Digital Commerce & Payments Practice, visit our practice page.
About Our Financial Crimes Practice
Buckley Sandler’s FinCrimes Practice supports financial services and other firms in designing, implementing, and testing compliance programs, and – as is increasingly necessary – in defending against enforcement actions and parallel civil litigation. Please visit our practice page and participate in our ongoing webinar series on FinCrimes topics.