CFA Society Philadelphia

A Member of the CFA Institute Global Network of Societies

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 CFAP Event - Downtown Luncheon

Recent Cybersecurity Panel Discussion Draws Large Crowd

In a recent member survey commissioned by the Investment Adviser Association (IAA), cybersecurity improvement will be the number one technology investment in 2017.  The study also shows cybersecurity as advisers' primary compliance concern. The study recommends that the scrutiny of third-party vendors be of utmost importance in designing a cybersecurity program. Passing the blame baton after a data breach could be mitigated if firms conduct proper upfront analysis and monitoring, although even highly sophisticated systems are still vulnerable. This is easier said than done as technology is a rapidly evolving, complex engine with high upkeep costs. Investing in a plan is critical not only because tougher regulations are on the horizon, but also for the mental preparation and protocol that can minimize the impact when it does happen. Click here to view the complete IAA 2017 Executive Outlook Survey.

 

On April 19, CFAP members joined their colleagues from IAA to hear from a panel of experts about cyber threats and defenses in the world of investment management.  The program addressed a variety of cybersecurity issues, including:

  • Preventing and detecting cyber-attacks;
  • Cybersecurity insurance;
  • Dealing with a cybersecurity breach;
  • SEC regulations and examination priorities regarding cybersecurity.
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    Jeremy Bach, CFA, moderating the panel discussions during the Luncheon

The panelists which spear headed the discussions were Kelly L. Gibson of the Securities and Exchange Commission, Mark Sangster, VP of eSentire Inc., Elizabeth Sukay of Willis Towers Watson as well as Brian S. Vargo of K&L Gates LLP.​ The event was moderated by Jeremy Bach, CFA, of Bach Capital Advisors​.​

 

​The Cybersecurity Panel was co-produced by CFA Society Philadelphia and the Investment Adviser Association.       

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We would like to specially appreciate the sponsor of the panel discussion:​

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eSentire® is the leader in Active Threat Protection solutions and services, the most comprehensive way to defend enterprises from advanced and never-before-seen cyber threats. eSentire's flagship offering, Network Interceptor, challenges legacy security approaches, combining behavior-based analytics, immediate mitigation and actionable intelligence on a 24x7x365 basis. The company's dedicated team of security experts continuously monitors customer networks to detect and block cyber attacks in real-time. In 2015 eSentire was included in the list of "Cool Vendors" in the Cool Vendors in Cloud Security Services, 2015 report by Gartner, Inc. For more information visit www.esentire.com and follow @esentire.

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​​​CFA Society Philadelphia​​

Mission Statement 

To lead a preeminent community of investment and finance professionals who promote the highest standards of ethics, education and professional excellence.

Vision Statement:​

We aspire to a Society that:

serves our members and other financial professionals who seek education, knowledge, professional development, co​nnection and inspiration;

​sets the standard among Philadelphia-area investment and financial professionals on the topics of ethics and excellence of practice.