Cybersecurity In The Financial Institution: Establishing Compliance In 2015


Wednesday, February 25, 2015


Nelson Mullins Riley & Scarborough LLP


David Katz, Nelson Mullins Riley & Scarborough LLP


Nelson Mullins Riley & Scarborough LLP
Bank of America Corporate Center 100 N. Tryon, 42nd Floor
Charlotte, NC
United States


Email: charlotteacc@gmail


members: complimentary, nonmembers/prospective members/corporate guests: complimentary


Noon - 1:30 pm

CLE Credits:

1 hour


Establishing cybersecurity and good data protection controls along with the conscientious outsourcing of technology services by the financial institution requires careful planning from a risk management perspective. Thoughtful due diligence and consistent monitoring of these controls and service providers is of increasing regulatory focus by federal regulators. The FFEIC has provided guidance to financial institutions regarding these matters for many years, but given the recent threats to financial institutions in the area of cybersecurity the focus on appropriate managing of data security controls and outsourced service providers should be the subject of serious attention by boards of directors and senior management. Fortunately, the FFEIC has provided detailed guidance in these areas and financial institutions only need to comprehensively review this guidance to appropriately manage these risk. This presentation will discuss this guidance and will focus on the recent regulatory statements concerning these issues.