On March 26, 2014, the SEC held a Cybersecurity Roundtable at its headquarters in Washington, D.C. to discuss cybersecurity and the issues and challenges it raises for market participants and public companies, and how they are addressing those concerns.
The Cybersecurity Roundtable was divided into four panels: the cybersecurity landscape; cybersecurity disclosure issues faced by public companies; cybersecurity issues faced by exchanges and other key market systems; and how broker-dealers, investment advisers, and transfer agents address cybersecurity issues, including those involving identity theft and data protection.
The following panelists participated in the Cybersecurity Roundtable:
Panel 1: Cybersecurity Landscape
Moderators: Thomas Bayer, Chief Information Officer, Keith Higgins, Director, Division of Corporation Finance, James Burns, Deputy Director, Division of Trading and Markets
Panelists:
- Cyrus Amir-Mokri, Assistant Secretary for Financial Institutions, Department of the Treasury
- Mary E. Galligan, Director, Cyber Risk Services, Deloitte & Touche LLP
- Craig Mundie, Member, President’s Council of Advisors on Science and Technology; Senior Advisor to the Chief Executive Officer, Microsoft Corporation
- Javier Ortiz, Vice President, Strategy and Global Head of Government Affairs, TaaSera, Inc.
- Andy Roth, Partner and Co-Chair, Global Privacy and Security Group, Dentons US LLP
- Ari Schwartz, Acting Senior Director for Cybersecurity Programs, National Security Council, The White House
- Adam Sedgewick, Senior Information Technology Policy Advisor, National Institute of Standards and Technology
- Larry Zelvin, Director, National Cybersecurity and Communications Integration Center, U.S. Department of Homeland Security
Panel 2: Public Company Disclosure
Moderator: Keith Higgins, Director, Division of Corporation Finance
Panelists:
- Peter J. Beshar, Executive Vice President and General Counsel, Marsh & McLennan Companies, Inc.
- David Burg, Global and U.S. Advisor Cyber Security Leader, PricewaterhouseCoopers LLP
- Roberta Karmel, Centennial Professor of Law, Brooklyn Law School
- Jonas Kron, Senior Vice President, Director of Shareholder Advocacy, Trillium Asset Management LLC
- Douglas Meal, Partner, Ropes & Gray LLP
- Leslie T. Thornton, Vice President and General Counsel, WGL Holdings, Inc. and Washington Gas Light Company
Panel 3: Market Systems
Moderator: James Burns, Deputy Director, Division of Trading and Markets
Panelists:
- Mark G. Clancy, Managing Director and Corporate Information Security Officer, The Depository Trust and Clearing Corporation (DTCC)
- Mark Graff, Chief Information Security Officer, NASDAQ OMX
- Todd Furney, Vice President, Systems Security, Chicago Board Options Exchange
- Katheryn Rosen, Deputy Assistant Secretary, Office of Financial Institutions Policy, Department of the Treasury
- Thomas Sinnott, Managing Director, Global Information Security, CME Group
- Aaron Weissenfluh, Chief Information Security Officer, BATS Global Markets, Inc.
Panel 4: Broker-Dealers, Investment Advisers, and Transfer Agents
Moderators: David Grim, Deputy Director, Division of Investment Management, James Burns, Deputy Director, Division of Trading and Markets, Andrew Bowden, Director, Office of Compliance Inspections and Examinations
Panelists:
- John Denning, Senior Vice President, Operational Policy Integration, Development & Strategy, Bank of America/Merrill Lynch
- Jimmie H. Lenz, Senior Vice President, Chief Risk and Credit Officer, Wells Fargo Advisors LLC
- Mark R. Manley, Senior Vice President, Deputy General Counsel, and Chief Compliance Officer, AllianceBernstein L.P.
- Marcus Prendergast, Director and Corporate Information Security Officer, ITG
- Karl Schimmeck, Managing Director, Financial Services Operations, Securities Industry and Financial Markets Association
- Daniel M. Sibears, Executive Vice President, Regulatory Operations/Shared Services, FINRA
- John Reed Stark, Managing Director, Stroz Friedberg
- Craig Thomas, Chief Information Security Officer, Computershare
- David G. Tittsworth, Executive Director and Executive Vice President, Investment Adviser Association
To watch the video archive of the SEC’s Cybersecurity Roundtable, visit this link on the SEC’s website.
