Principal/Cyber Transformation & Security Strategy Lead IIMNAD LLC/ Major Financial Services Company, United States
This presentation will provide an overview of materiality assessment for cybersecurity incidents, including definitions, frameworks, factors, best practices and technologies. It highlights the importance of understanding the nuances of NYDFS Part 500 and SEC definitions to ensure accurate evaluation.
The key takeaway from this session is that effective materiality assessment is crucial for regulatory compliance and mitigating cybersecurity risks. Organizations should actively implement the provided framework and best practices to enhance their cybersecurity posture and navigate regulatory requirements effectively.
Learning Objectives:
Understand the concept of materiality as defined by the SEC and NYSDFS Part 500.
Identify the importance of deciphering materiality for regulatory compliance and stakeholder trust.
Develop strategies to stay ahead of evolving regulatory expectations and enhance data
security practices
Explore practical methods for organizations to determine materiality in their specific industries.
contexts.
5. Analyze real-world examples of recent breaches that violated SEC and NYSDFS 500
regulations due to misinterpretations of materiality
