New York’s “first-in-the-nation” cybersecurity regulation – which will affect more than 3,000 financial institutions around the globe – went into effect on March 1, 2017. Unlike other data security regulations, the New York regime demands accountability at the top including a yearly compliance certificate that must be signed by a senior executive or board member. This session will address the liability and governance implications for covered institutions and their boards; technology challenges to implementation; the implications of the regulation for third-party service providers including law firms; and key takeaways for affected financial institutions and their boards.
Craig Newman, Partner & Chair, Privacy & Data Security Practice, Patterson Belknap Webb & Tyler LLP
Tom Brown, Managing Director, Berkeley Research Group
Feris Rifai, Chief Executive Officer, Bay Dynamics