Financial Services Risk Management Seminar
When: January 27, 2016 8:00AM — January 27, 2016 11:30AM
DoubleTree by Hilton Monroeville
101 Mall Boulevard
Monroeville, PA 15146
3 CPE credits
Registration 8:00 - 8:30 a.m.
Program 8:30 - 11:30 a.m.
Continental breakfast provided
Your financial institution runs on information, much of it confidential. Balancing the security of data and making sure third-party vendors are as committed to protecting consumer information as you are can be overwhelming.
Schneider Downs cordially invites you to attend our 2016 Financial Services Risk Management Seminar. This free seminar will explore FFIEC’s new Cybersecurity Self-Assessment Tool, mitigating cyber risks through insurance and third-party vendor management issues.
FFIEC Cybersecurity Framework
Daniel J. Desko, Schneider Downs
On June 30, 2015, the Federal Financial Institutions Examination Council (FFIEC) released its Cybersecurity Assessment Tool to help financial institutions identify their inherent cybersecurity risk and assess their preparedness. This Assessment Tool comes on the heels of the FFIEC’s cybersecurity pilot assessment at more than 500 financial institutions around the nation. We will explain the benefits of understanding the Cybersecurity Assessment Tool, and how it can benefit your financial institution. Contained in this presentation will be a discussion on the inherent risk profile, maturity analysis of five important domains and illustrations of real world examples.
Mitigating Cyber Risks Through Insurance
L.D. Simmons, McGuire Woods
Almost all companies face cyber risks, but many do not have insurance to cover them. The market for cyber insurance is rapidly evolving and cyber insurance is becoming increasingly widespread. This presentation will discuss the insurance coverage available for cyber risks, as well as best practices for companies considering purchasing cyber insurance or evaluating whether their current insurance appropriately meets their needs.
Managing Third-Party Risks
James B. Yard and William M. Deller, Schneider Downs
Vendors are a common element in today’s business environment. Outsourcing services and processes to vendors provides flexibility, convenience and cost savings. However, these outsourcing arrangements don’t come without increased risk. Regulators and examiners alike are also taking note, and it can be seen in recent legislation and guidance related to managing third parties. This session will discuss third-party risk management approaches and frameworks to identify and manage the risk in the vendor lifecycle.
Please fill out the following form to register.