In this episode, I take a deep dive into the first cyber-security enforcement action brought by the state of New York, Department of Financial Services. It was against First American Title. In this exploration I am joined by Jordan Arnold, the Chief Innovation Officer at K2 Intelligence FIN. He is the founder and Global Chair of K2 Intelligence’s Private Client Services practice, which provides privacy and security services to ultra and high net worth families and clients in the entertainment, music, and sports industries and Surjeet Mahant, Managing Director in K2 Intelligence FIN’s Financial Crimes Risk and Compliance practice, where he leads cyber risk services. With over 20 years of experience in cybersecurity and privacy risk solutions for large institutions, Surjeet assists clients in developing the tools and strategies needed to protect the confidentiality of their data, the availability of their systems, and the integrity of their operations.
Some of the highlights include:
- Overview of the enforcement action;
- What are the broader consequences for the industry; significance of regulation/action; need for proactive actions;
- What is the DFS and why is it regulating an insurance company around cyber?
- Why has cyber become a part of the broader compliance conversation?
- What specific steps can entities take to mitigate a violation or breach of data?
- What can entities expect in the future from regulators in the cyber space?
For more information on K2 Intelligence FIN, click here.
