Family office figures wrestling with the challenge of cyber-security threats can learn more about how to act at a conference in New York, organized by the publisher of this news service.
Cyber-security, as a raft of scary news headlines demonstrate, is right at the top of the agenda for people working in the wealth management and family office industry. Criminals are going to target those who have money, putting clients and advisors directly in the firing line. In the past few days, for example, the US Office of the Comptroller of the Currency has warned banks that cyber threats are increasing in speed and sophistication. It is also worried about emerging technology making it harder for firms to obey the Bank Secrecy Act. (See story in full here.)
The rise of such attacks has prompted a range of reactions and spawned a growing industry of lawyers, insurers, technologists and business advisors helping individuals and firms to protect themselves. And with these issues in mind, the publisher of this news service is holding a Family Office Cyber-security Summit in New York, on September 20. The event, which starts at 8 am for registration kicks off at 9 am with a keynote presentation from Edward Marshall, director at the global family office business of Citi Private Bank. Other speakers include Annmarie Giblin, Senior Counsel, Cyber Liability, North America Financial Lines, Chubb; Steve Perlstein, Partner at Kobre & Kim; and John Curran, Partner, Walden Macht & Haran; Nick Barone, Director, EisnerAmper LLP Consulting Services Group; and Theresa Pratt, CISO at Market Street Trust.
The conference will discuss issues such as the best ways to vet and manager third-party vendors who see sensitive information; insurance needs; how cyber security is shaping regulation and compliance burdens. A panel discussion will also look at how, for example, a family office should put in place ways to manage and protect data, taking account of the size and complexity of such organizations. The summit is designed so that delegates have plenty of chances to question panelists and air their views.
The conference is being held at the offices of Kobre & Kim, 800 Third Avenue, New York, NY 10022, with registration opening at 8 am; the event runs until 3pm. To find out more about the event and keep up to date with additional speakers and details, click here.