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
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.
We would like to specially appreciate the sponsor of the
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.
CFA Society Philadelphia
To lead a preeminent community of investment and finance professionals who promote the highest standards of ethics, education and professional excellence.
We aspire to a Society that:
serves our members and other financial professionals who seek education, knowledge, professional development, connection and inspiration;
sets the standard among Philadelphia-area investment and financial professionals on the topics of ethics and excellence of practice.