This week, we are joined by David Baris, the President of the American Association of Bank Directors (AABD), to explore the roles and responsibilities of bank directors in dealing with cyber risk and assuring the protection of private customer data. The threat environment for banks and compliance expectations related to data governance is rapidly changing, and it is important to understand what role board members are expected to play in dealing with these challenges and what is the primary responsibility of bank management. We also discuss with David the developing legal framework of multiple state privacy rules, the advantages of a single federal law, and whether the Gramm Leach Bliley privacy provisions are likely to be subsumed in a more general law if and when national privacy legislation is enacted.
Jerry Buckley | jbuckley@buckleyfirm.com
Jody Westby | westby@globalcyberrisk.com
ADCG | info@adcg.org