How to Prevent a Data Security Breach at Your Financial Institution
Duration: 90 minutes
Speaker: Ron L. Brown
Bonus for Each Registrant:The webinar speaker will answer one written question that you may submit by email within one week after the webinar.
Webinar Description
The Consumer Finance Protection Bureau (CFPB) is a major lending institution supervisory agency, and its regulatory programs are just beginning to unfold. The scope of the CFPB's statutory powers suggests that lending institutions can expect increasing attention from this federal watchdog agency to data security training and practices at institutions subject to its jurisdiction.
The management of data security is a prime issue as technology has become an integral part of consumer and commercial lending. Data breaches jeopardize consumer confidentiality. The CFPB is going to demand that the lending institutions it supervises become more proactive in addressing protection of their customers’ data before breaches occur.
A data breach, where hackers gain access to customer information, can cost your company a substantial amount of money just to comply with mandatory post-breach remediation programs as well as millions of dollars in bad publicity and lost customers.
The best way to protect your customers’ data and avoid the costly consequences of a breach is to do all that you can to make sure a data breach does not occur in the first place. Join noted CFPB compliance expert Ron Brown as he demonstrates how your bank or other financial institution can prevent damaging data security breaches.
Agenda
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CFPB legislative mandates regarding data security
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CFPB actions regarding customer privacy and data security
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Develop a "10 Step Training Program" designed to prevent a data security breach and display due diligence with regard to CFPB mandates
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Motivate and inspire your employees to improve data security awareness
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Educate your employees about data security and provide resources for ongoing education
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Best practices for data security, for example, establish employee passwords that are easy to remember but hard to guess
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Tailor your institution’s security policy to your particular business—one size does not fit all
CONTINUING EDUCATION
Continuing HRCI Credit Information
This program has been pre-approved for 1.5 hours of General recertification credit hours through the HR Certification Institute. Use of the seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute's criteria to be pre-approved for recertification credit.
Continuing Legal Education Credit Information
This webinar has been approved in the following states for continuing legal education credit by The Marino Legal Academy:
California: 1.5 credit hours
The Marino Institute for Continuing Legal Education is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 credit hours of participatory CLE credit.
New Jersey: 1.5 credit hours
This webinar has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.5 CLE credit hours.
New York: 1.5 areas of professional practice credit hours
This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for veteran attorneys for 1.5 credit hours, of which 1.50 credit hours may be applied toward the Areas of Professional Practice.
Pennsylvania: 1.5 credit hours
This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
To receive CLE credit for this webinar in those states, please request such credit by writing toinfo@parkavenuepresentations.com. Your request will be forwarded to The Marino Legal Academy for processing.
CLE credit for this webinar may also be awarded in a number of other jurisdictions. For more information, please contact a Marino Legal Academy legal education consultant at (212) 249-3779,x104.
Logistics
- 90 minutes (Travel Free) delivered over the Internet.
Unlimited listeners per connection - bring the entire department.
Q&A session with the expert.
Special Feature: If you register for this webinar and cannot attend, you will be able to access a one-time instant replay without charge for up to 90 days after the date of the webinar.
This event will be presented live with a PowerPoint presentation to be viewed on your computer. You may listen to the audio of the webinar by telephone or through your computer. The PowerPoint slides will be provided shortly before the event. Once you register, you will receive an email which is your receipt and which includes your instructions for dialing in and logging on. You will also receive an email reminder 24 hours before the webinar.
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You will need a computer with an Internet connection (high speed service such as DSL or cable works best) and a telephone. You may listen to the webinar through your computer speakers, in which case you will not need to use a telephone connection. Internet access is not required for phone-only participants, but you will not be able to see the speaker’s slides.
How can I share the webinar with my colleagues who may not be able to attend the event?
CDs of each program will be available for sale and can be shared with your business associates.
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The PowerPoint slides will be available on the materials page link in the confirmation email that will be sent to you no later than the morning of the day a webinar is presented.
How do I ask a question during the webinar? Will my question be answered during the presentation?
A question and answer session will be scheduled at the end of each webinar. You can then ask a question by typing it into the question box that will be provided to you duringthe webinar. You may also ask a question through the telephone connection. As many questions as possible will be answered during the Question and Answer period.