There is a growing trend of increasingly sophisticated cyber threats against US and foreign banks. Cybersecurity issues, once the purview of information technology specialists, have become a priority issue for management, directors, and legal counsel of banks. Increasingly, government and regulatory agency officials are citing cybersecurity as one of the most pressing issues that banks must address.
Cybersecurity poses important and time-sensitive challenges to banks and will continue to do so into the foreseeable future. In addition to regulatory and compliance risks, cybersecurity also poses litigation and reputational risks. Bank counsel need to be at the forefront of cybersecurity to ensure that their bank’s directors, management, and employees are aware of the challenges and the measures that need to be taken.
Please join Practical Law for a free 90-minute webinar in which Heath Tarbert and William White of Allen & Overy will discuss evolving cybersecurity issues for banks. Attendees of this program will learn about:
Heath Tarbert, Partner, Allen & Overy