Sep 25, 2017

Fear of Fintech & Cybersecurity

It goes without saying that the world has witnessed a significant spike in cyber attacks over the last few years, with no institution seeming to be immune. Cyber threats are evolving at a rapid pace and becoming more serious, while at the same time financial industry regulators are becoming concerned about the potential risk fintechs may pose to the financial system overall.

In this video, James Jockle, Chief Marketing Officer at Numerix, sits down with Lee Schneider, Head of Fintech at international law firm Debevoise & Plimpton LLP, to discuss some of the very important issues related to cybersecurity—how it is impacting financial institutions, the reputational risk and consumer expectations, as well as the challenges posed by the security weaknesses of legacy systems and the imperative to reduce data breach risks. The two also provide a snapshot as to why regulators are beginning to pay more attention to fintech.

Disclaimer: Nothing herein is intended to create an attorney-client relationship with Debevoise & Plimpton LLP or with any lawyer at Debevoise & Plimpton LLP. You should not rely on the content of this interview as a source of legal advice.

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