transcript   Transcript

How Can Law Firms that work with the SEC and Banking/Financial Services Clients Combat Cybersecurity Issues

Recorded on: Jan. 17, 2018
Running Time: 01:01:06

Full Transcript:

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Taken from the Web Program Cybersecurity Best Practices for Legal Services Providers Recorded January 2018 in New York

How Can Law Firms that work with the SEC and Banking/Financial Services Clients Combat Cybersecurity Issues [01:01:06]

  • Join Information Sharing and Analysis Organization (specifically, Legal Services Information Sharing and Analysis Organization (LS-ISAO), under the umbrella of Financial Services Information and Analysis Center – allows for anonymous requests, members only conference calls, real time alerts, mitigation strategies
  • Information sharing best practices – voluntary, transparent, inclusive, actionable, flexible information
  • Cybersecurity insurance
  • Control, monitor and limit employee access to data and to systems
  • Online monitoring of client data
  • Hire Independent Consulting/Law Firm
  • Advantages of Cloud Computing
  • Data encryption (including for smart phones), creation of designated CIO
  • Employee and Vendor Audits
  • Hiring full time staff to spend most of time monitoring network for potential threats and testing defenses
  • Obtain ISO/IEC 27001 certification or other certifications showing compliance with best practices

Orrie Dinstein, Michael F. McGowan, Richard Raysman

The purchase price of this Web Program segment includes the following articles from the Course Handbook available online:

  • Incident Response
    Thomas J. Hibarger
  • You’ve Been Hacked, and Now You’re Being Sued: The Developing World of Cybersecurity Litigation (July/August 2016)
    Michael Hooker, Jason Pill
  • Cybersecurity Guidance, No. 2015-02 (April 2015)
  • Observations from Cybersecurity Examinations (August 7, 2017)
  • SEC Announces Enforcement Initiatives to Combat Cyber-Based Threats and Protect Retail Investors
  • In the Matter of Morgan Stanley Smith Barney LLC, Respondent, Securities Exchange Act of 1934 Release No. 78021, Investment Advisers Act of 1940 Release No. 4415, Administrative Proceeding File No. 3-17280 (June 8, 2016)
  • Cybersecurity: Ransomware Alert (May 17, 2017)

Presentation Material

  • How Can Law Firms that work with the SEC and Banking/Financial Services Clients Combat Cybersecurity Issues
    Orrie Dinstein, Michael F. McGowan, Richard Raysman
    Orrie Dinstein ~ Global Chief Privacy Officer , Marsh & McLennan Companies, Inc.
    Michael F. McGowan ~ Metafor LLC
    Richard Raysman ~ Holland & Knight LLP
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