Interesting article focusing on how top regulators in the US are getting more and more focused on cyber risk.
The expression used by Mr. Powell when referring to cybersecurity: "There can never be any sense of comfort that we've got this nailed," is something that all companies, of any shape or size should take on-board.
It is something we are having continuing discussions with clients on, and my colleagues Mark McMahon and Art Ehuan, amongst others, will be speaking specifically on these issues on November 9th at The Benjamin Hotel in New York on "Cyber Risk and Remediation Measures for Private Equity and Hedge Fund Managers."
A pair of top U.S. regulators called for increased attention to cyber risks to the financial system Tuesday in the wake of the hack of the Securities and Exchange Commission's corporate filing system. Continue Reading Below Federal Reserve Governor Jerome Powell and Commodity Futures Trading Commission Chairman J. Christopher Giancarlo both cited cybersecurity as a fundamental risk point for the financial sector