NY Financial Services Roundtable: Recent Cyber Developments and Mitigating Legal Risks

Cyber threats to the financial services industry continue to increase. At the same time, regulatory requirements, litigation risk, contractual requirements and regulator expectations continue to grow. Please join us for a half-day Cybersecurity Awareness Month program that will highlight key recent cyber legal developments and tools that financial services companies can use to mitigate associated legal risks.

This program—led by Adam Hickey, former Deputy Assistant Attorney General, who supervised high-profile cyber investigations for more than a decade, and Justin Herring, former Executive Deputy Superintendent of New York’s Department of Financial Services (NYDFS), who supervised the development of its cyber regulation—will feature current law enforcement and regulators, including:

Arsen Ablaev – Senior Attorney, Cyber Unit, US Securities and Exchange Commission
Danny Brando – Cybersecurity Policy Program Director, New York Federal Reserve Bank
Amit Kachhia-Patel – Assistant Special Agent in Charge, Cyber Branch, New York Field Office, FBI
Sagar Ravi – Chief, Complex Frauds & Cybercrime Unit, U.S. Attorney’s Office for the Southern District of New York

and private sector leaders, including:

Matt Gorham – Cyber & Privacy Innovation Institute Leader, PwC; Former Assistant Director, FBI Cyber Division
Nikki Nielson – Cyber and Privacy Counsel, SMBC
Daniel Shapiro – Vice President & Associate General Counsel for Cybersecurity, MetLife

Trends in the Evolving Threat Landscape

In the first half of the program, our panelists—including current and former FBI cybersecurity experts—will discuss how financial services companies can manage growing legal risks associated with complex and diverse cyber threats. Topics will include:

How the evolving threat landscape implicates software security and third-party risk
Changes in Washington’s operational approach to cyber threats and what that means for companies
Best practices, in light of regulatory oversight, when working with law enforcement

The Regulatory Landscape: What Financial Services Companies Need to Know

The regulatory landscape for cybersecurity is rapidly expanding. NYDFS has proposed significantly expanding its cybersecurity requirements for banks, insurance companies, mortgage originators and servicers, and other non-bank financial services companies; final rules are expected to be issued this fall. The US Securities and Exchange Commission (SEC) just finalized new disclosure and incident reporting requirements for public companies. And more cybersecurity-related rules are pending with the SEC and both state and federal financial services regulators.

In this session, those on the front lines will help you understand:

Common themes across these new mandates, such as expanded governance, reporting, and disclosure requirements
The likely impact on financial services companies and their compliance and cybersecurity programs
How financial services companies can prepare for regulatory examinations and reconcile and manage cybersecurity requirements from different regulators
Practical effects of the expanded notification obligations and shorter timeframes

CLE credit is pending.

Tuesday, October 24, 2023
9:00 a.m. – 9:30 a.m. Coffee and Registration
9:30 a.m. – 12:00 p.m. Program
12:00 p.m. Lunch

Location
Mayer Brown
1221 Avenue of the Americas
New York, NY 10020

For additional information, please contact Shelley Clark at sclark@mayerbrown.com.