The Knowledge Group
The Knowledge Group

Kyle Sheahen, Attorney, King & Spalding to Speak at the KC Event

New York, NY, January 16, 2016 --( The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Kyle Sheahen, Attorney, King & Spalding will speak at the Knowledge Group’s webcast entitled: “FFIEC Cyber Security Assessment Tool (Assessment) for Financial Institutions: What You Need to Know in 2016 and Beyond Live Webcast.” This event is scheduled for January 28, 2016 from 3:00pm – 5:00pm (ET).

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About Kyle Sheahen

Kyle Sheahen is an associate in the Special Matters/Government Investigations Practice Group in King & Spalding's New York office. Mr. Sheahen’s practice focuses on white collar criminal defense litigation, federal and state government investigations, corporate internal investigations, and the establishment of corporate compliance programs. Mr. Sheahen’s experience includes investigations by the Department of Justice, the Securities and Exchange Commission, and the United States Senate.

About King & Spalding

Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100. The firm’s practice spans the full range of litigated, regulatory and transactional work, with substantial expertise in antitrust, energy, environmental, finance, financial restructuring, government advocacy and public policy, healthcare, intellectual property, international arbitration, government investigations, international trade, life sciences, mergers and acquisitions, private equity, project development, real estate, tax and tort matters.

Event Synopsis:
In June 2015, the Federal Financial Institutions Examination Council (FFIEC) issued a Cyber Security Assessment 'Tool' (Assessment) to help financial institutions evaluate their institutional cyber security risk, preparedness, and mitigation ability.

There are 5 major risk categories including, technologies and connection types, delivery channels, online and mobile products and technology service, organizational characteristics, and external threats. In addition, there are 5 levels of cyber security preparedness ("Maturity") for financial institutions, ranging from baseline, evolving, intermediate, advanced, and innovative. These include examination of various categories ("Domains") including, "cyber risk management and oversight," "threat intelligence and collaboration," "cyber security controls," "external dependency management," and "cyber incident management and resilience." Cyber security principles taken from the FFIEC Information Technology Examination Handbook were incorporated in the Assessment "tool."

Understanding each of these components can be a challenge not only for the un-initiated, but also the seasoned veteran. Learn what tools work best to address each of the 5 major categories, understanding that one size does not fit all. The webcast also will discuss the importance of sound data governance and how such practices work to improve the security footprint of an organization and help assure practical compliance sometimes overlooked in writing to standards. As standards become more important for all interested parties such as regulators, courts and business partners, understanding the why, what and how will be essential.

Key topics include:

Cyber Security Assessment Tool (Assessment)- An Overview

Inherent Risk Profile
Evaluation of Cyber Security Maturity

Five Risk Categories

Technologies and Connection Types
Delivery Channels
Online and Mobile Products & Technology Services
Organizational Characteristics
External Threats

Five Domains

Cyber Risk Management and Oversight
Threat Intelligence and Collaboration
Cyber Security Controls
External Dependency Management
Cyber Incident Management and Resilience

Implementation Issues
Possible Legal Challenges
Regulatory Issues
Effects and Implications for Financial Institutions

About The Knowledge Group /The Knowledge Congress Live Webcast Series

The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit:
The Knowledge Group
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Therese Lumbao, Director
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