Special Tax & Tech-NEW-logy Episode
June 2023
Show Summary
Tony Gebely, cybersecurity consultant, Annmarie Giblin, Partner at Norton Rose Fulbright and David Sun, Partner at CohnReznick discuss what family offices need to know, if and when data Is compromised. The program is moderated by Tony.
Tony Gebely, founder and CEO of Annapurna Cybersecurity
Previously serving as the Chief Technology Officer at Family Office Exchange, Tony leveraged his extensive experience to become a pivotal advisor in cybersecurity. His insight into the unique challenges faced by financially successful individuals and families inspired him to establish Annapurna Cybersecurity, where he focuses on comprehensive threat assessments and strategic cybersecurity solutions to robustly safeguard their digital domains.
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About Annapurna Cybersecurity
Annapurna Cybersecurity is the premier cybersecurity firm dedicated to protecting the digital assets of financially successful individuals and families. By conducting in-depth threat assessments and creating bespoke cybersecurity programs, Annapurna Cybersecurity ensures its clients are safeguarded against the most sophisticated cyber threats. The firm's approach uniquely blends cutting-edge technology with strategic policy development, comprehensive educational initiatives, and rigorous process implementation, all designed to fortify digital defenses and maintain the integrity of their clients' digital landscapes.
Annmarie Giblin, Partner, Norton Rose Fulbright
Annmarie is a Partner in the Global Cybersecurity and Privacy Group at Norton Rose Fulbright. She assists clients navigate the legal complexities surrounding cybersecurity, privacy and data management with a focus on data governance, maintenance, cybersecurity planning and policies, privacy concerns and strategies, emerging technologies, including all aspects of Artificial Intelligence, and related compliance programs.
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More about Annmarie and Norton Rose Fulbright
She is a frequent speaker and author on these subjects. Annmarie received her BA from The University at Albany, SUNY and her JD from St. John’s University School of Law. Annmarie Co-Chairs the Privacy and Cybersecurity Team at the American Inn of Court.
About Norton Rose Fulbright
Norton Rose Fulbright provides a full scope of legal services to the world’s preeminent corporations and financial institutions. The global law firm has more than 3,000 lawyers advising clients across more than 50 locations worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg, covering Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East. With its global business principles of quality, unity and integrity, Norton Rose Fulbright is recognized for its client service in key industries, including financial institutions; energy, infrastructure and resources; technology; transport; life sciences and healthcare; and consumer markets.
David Sun, Principal, CohnReznick
David Sun leads the cybersecurity incident response and computer forensic services for CohnReznick’s Cybersecurity practice. He develops comprehensive cloud security service offerings that provide clients with access to an end-to-end suite of cybersecurity, technology risk, and privacy services. David has 25 years of cybersecurity and IT management experience responding to data breach and privacy incidents, internal employee malfeasance, and government agency investigations.
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More about David and CohnReznick
His expertise is in responding to cyber-attacks and resuming business operations; investigating email compromises, data breaches, and multi-million-dollar losses from wire fraud; performing forensic analysis, reconstruction, and post-breach remediation; and prosecuting departing employees for theft of sensitive information, destruction of documents, and unauthorized activities.
As a leading industry consulting expert specializing in describing technology-related issues, David has served a testifying expert or court appointed expert on hundreds of litigation matters. This includes providing expert testimony during a national federal investigation into the handling of classified information; offering guidance during an investigation into destruction of public records by a sitting mayor of a major city; providing security assessments for the United Nations and various United States Federal Reserve Banks; assisting multiple state attorneys general investigate a variety of data privacy
violations; and more.
About CohnReznick
As a leading advisory, assurance, and tax firm, CohnReznick helps forward-thinking organizations achieve their vision by optimizing performance, maximizing value, and managing risk. Clients benefit from the right team with the right capabilities; proven processes customized to their individual needs; and leaders with vital industry knowledge and relationships. With offices nationwide, the firm serves organizations around the world through its global subsidiaries and membership in Nexia International.
00:05 - Introductions
06:05 - Evolution of ransomware attacks, from encrypting systems to data exfiltration
13:11 - Legal implications and requirements, notifying authorities and regulatory scrutiny
27:39 - Cybersecurity measures and proactive approach: EDR (endpoint detection response), MFA (multi-factor authentication), testing, analysis, monitoring and training
52:28 - Cyber insurance and ransomware coverage, different types of insurance, limitations