Strategies to Manage Cybersecurity Risks for the Financial Industry
On February 1, 2017, Fredrikson & Byron hosted leading regulatory, industry experts and cybersecurity attorneys for a discussion on how to moderate cybersecurity risk for the financial industry. Fredrikson’s Sten-Erik Hoidal moderated a panel featuring Ann Ladd, along with technology and insurance industry experts, which provided practical steps to reduce the risk of breaches and how to respond if they happen. Sandy Smalley-Fleming of Fredrikson moderated a panel which dissected the legal and regulatory risks of a breach, featuring Fredrikson’s Terrence Fleming and representatives of SIFMA and the SEC.
Managing and containing cybersecurity risk will continue to be important to investment managers and their clients. A recent survey indicates that 93 percent of phishing emails contain ransomware. Click here for Ann Ladd’s recent article summarizing guidance from the Department of Homeland Security, the FBI, HHS and other security experts on how to minimize your company’s malware risk.