The U.S. Securities and Exchange Commission’s (SEC) Evolving Approach to Cyber Risk Management
The U.S. Securities & Exchange Commission recently proposed rules to strengthen the ability of public companies, funds, and advisors to combat cybersecurity threats and implement risk mitigation processes.
SecurityScorecard was joined by Kristy Littman, U.S. Securities and Exchange Commission Chief of the Crypto Assets and Cyber Unit, Michael Daniel, President & CEO of the Cyber Threat Alliance and Friso van der Oord, Senior Vice President, Content with the National Association of Corporate Directors to discuss the importance of the proposed rules and the implications for public companies, SEC registrants, financial sector service providers, and investors.
Kristina Littman is the Chief of the Crypto Assets and Cyber Unit, a national, specialized unit responsible for protecting investors in crypto markets and from cyber-related threats. Ms. Littman joined the SEC’s Division of Enforcement in 2010 in the Philadelphia office. She has held senior attorney positions in SEC Chairman Jay Clayton’s office, the Trial Unit, and the Market Abuse Unit. Prior to joining the SEC, Ms. Littman practiced law at Drinker Biddle & Reath LLP, specializing in white collar and securities litigation. Ms. Littman earned her J.D. and M.B.A. from Rutgers University School of Law – Camden and an undergraduate degree from Florida State University.
Michael Daniel serves as the President & CEO of the Cyber Threat Alliance (CTA), a not-for-profit that enables high-quality cyber threat information sharing among cybersecurity organizations. Prior to CTA, Michael served for four years as US Cybersecurity Coordinator, leading US cybersecurity policy development, overseeing US government partnerships with the private sector and other nations, and managing significant incident response activities. From 1995 to 2012, Michael worked for the Office of Management and Budget, overseeing the U.S. Intelligence Community. Michael also works with the Aspen Cyber Group, the World Economic Forum, and other organizations improving cybersecurity in the digital ecosystem. In his spare time, he enjoys running and martial arts.
Friso van der Oord is Senior Vice President of Content at NACD, and is responsible for overseeing all NACD content development. He is an experienced governance advisor and business line manager, who has worked over the last 15 years with Fortune 500 and global executives on major risk, compliance, and integrity challenges, including serving in leadership roles at CEB and LRN. He holds an MA in international relations from Johns Hopkins University's SAIS Program.
Sachin Bansal is the Chief Business & Legal Officer at SecurityScorecard and works closely with the CEO to help operate the company, runs a P&L business unit focused on the public sector, and has the legal function report up to him. He has been with SecurityScorecard since September 2019, and built and scaled the company's legal department and government affairs function, turning it into a cross-department vertical. He is a mission-driven operator who is focused on metrics and getting to yes. Sachin has been a key participant in all of the company's strategic transactions, including its $180 million Series E round completed in March 2021, and he is a frequent speaker, writer and media commentator, particularly on cybersecurity matters, and has been featured in the Wall Street Journal, Bloomberg Law, Arianna Huffington's Thrive Global, Law360, Authority Magazine, and many more. He has also been featured in Aspioneer’s “20 Under 40: Influential Leaders to Watch." Sachin graduated magna cum laude from Duke University and magna cum laude from Duke University School of Law.