Coming to London’s Barbican Centre on Tuesday 12th November, PrivSec Accountability FS will deep dive into the myriad of data challenges that the financial sector faces as cybersecurity practices and data privacy laws governing the UK tighten.
The finance sector regulator, the Financial Conduct Authority (FCA), has recorded a ten-fold increase in cyber-crime incidents, however, across all sectors more businesses are reporting being impacted by a cyber incident year-on-year.
Understand the risks
According to a recent report conducted by Hiscox, there has been a sharp increase in the number of cyber-attacks this year, with more than 60% of firms having reported one or more attacks, up from 45% in 2018.
The same report shows that cybersecurity incidents cost the average small business (under 50 employees) over £22,000. Cyber related costs typically include ransoms paid, hardware and software systems replaced, the impact of losing customers and difficulty attracting future business and damage to reputation, all of which can be difficult if not terminal for a small business.
In a rapidly evolving landscape of cyber threats it is vital that organisations of all sizes and sectors understand the risks and act fast. Often hardest hit are small to medium enterprises (SMEs), which may lack the expertise and financial resources to withstand the fallout from a cyber incident.
The expert’s view
Exclusively at PrivSec Accountability FS, William Long, Partner at Sidley Austin LLP, will explore recent data breach incidents in the financial sector, and how companies need to use the GDPR as FCA enforcement cases mount.
William Long is a global co-leader of Sidley’s highly ranked Privacy and Cybersecurity practice, and leads the EU data protection practice at Sidley. William advises international clients on a wide variety of GDPR, data protection, privacy, information security, social media, e-commerce and other regulatory matters.
William was previously in-house counsel to one of the world’s largest international financial services groups. He has been a member of a number of working groups in London and Europe looking at the EU regulation of e-commerce and data protection and spent a year at the UK’s Financial Law Panel (established by the Bank of England), as assistant to the Chief Executive working on regulatory issues with online financial services.
Also speaking at PrivSec Accountability FS
- Bojana Bellamy, President at Hunton Andrews Kurth LLP’s Centre for Information Policy Leadership
- Steve Durbin, Managing Director at Information Security Forum
- Brad Bryant, Chief Privacy Officer at AON
- Dr Alastair Macwillson, British cyber-security professional and Advisor to Parker Fitzgerald
- Steve Wright, CEO at PrivacyCulture
- Bernard Swierczyna, CIO & CISO at First Ireland
- Ignasi Riera, Privacy Consultant at OneTrust Privacy
- Alex Lindl, Senior Information Security Manager at Standard Life Aberdeen
PrivSec Accountability FS will look at data protection laws on a global level and how they affect a highly regulated industry such as financial services.
Attendees can expect to explore issues such as GDPR, Cybersecurity, global data protection laws, Brexit, and possibly conflicting regulatory frameworks.
This exclusive event will bring security professionals and business leaders together to provide a day of advice, learning and networking for all data protection stakeholders.
PrivSec Accountability FS 2019
Date: Tuesday 12th November 2019
Venue: Barbican Centre, Silk Street, London EC2Y 8DS
This event is run by Data Protection World Forum Ltd, in association with OneTrust LLC.
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