The financial services industry, a favorite target of hackers, is especially vulnerable to cybersecurity threats. A recent program sponsored by K&L Gates and the Investment Adviser Association addressed the difficult and high-stakes cybersecurity issues investment managers are facing. This article, the second in a two-part series, discusses the panel’s views on mitigating cybersecurity risks. The first article
summarized the key points raised by the panel relating to the costs of cyber breaches; applicable laws and regulations; and cyber threats. The program was moderated by Mark C. Amorosi, a partner at K&L Gates, and featured a panel consisting of Jeffrey Bedser, CEO of iThreat Cyber Group; Laura L. Grossman, assistant general counsel of the IAA; Andras P. Teleki, a partner at K&L Gates; and E.J. Yerzak, vice president at Ascendant Compliance Management.