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ARTICLE · 04 JULY 2017

NASAA President Rothman Urges Cybersecurity Vigilance

Hogan Lovells Cadwalader
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At the North American Securities Administrators Association ("NASAA") cybersecurity roundtable held on June 23, 2017, NASAA President Mike Rothman detailed the growing cybersecurity risks...

United StatesTechnology
Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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At the North American Securities Administrators Association ("NASAA") cybersecurity roundtable held on June 23, 2017, NASAA President Mike Rothman detailed the growing cybersecurity risks for members and affirmed NASAA's commitment to managing these risks.

Mr. Rothman explained that as cyberattacks increase in both complexity and frequency, there is significant potential for adverse consequences in financial services firms. He pointed to the recent "WannaCry" ransomware attacks (see previous coverage and Cadwalader memorandum) as an example of cyberattacks that had widespread effects on global computer networks. On the lurking financial impacts of cyberattacks, Mr. Rothman explained:

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