David K.A. Mordecai was invited to speak on a panel of experts to discuss “Key Issues for Boards of Directors: Opportunities and Challenges in CyberTech.” The panel was part of a worldwide series of events organized by Directors Roundtable. The event was held on October 1, 2013 at Weil, Gotshall & Manges LLP, New York.
New technology is creating opportunities in every area of business including, marketing, more efficient operations, and expanding databases. However, there are challenges such as hacking, information theft from employees or third parties causing expensive damage, reputational risk, leakage of proprietary information and legal liability. The event addressed the opportunities and challenges new technology has created for boards, from efficiencies to hacking and information theft, and covered such key issues as profitable opportunities arising from new technology, protecting systems from unauthorized access, compliance techniques, and insurance coverage as part of a risk management program.
The distinguished panelists were:
- William Boeck, Senior Vice President, Insurance & Claims Counsel, Lockton Companies,
- Michael Epstein, Partner, Weil Gotshal & Manges LLP,
- Paul Ferillo, Weil Gotshal & Manges LLP,
- Robert Jones, Global Head, Financial Lines Specialty Claims, AIG and
- David K.A. Mordecai, Principal Scientist/Lead Investigator RiskEcon® Lab @ Courant Institute of Mathematical Sciences NYU.
The focus of the panel was upon liability issues and corporate governance concerns associated with cybersecurity, data privacy.
The topic of Dr. Mordecai’s remarks, entitled Cyborg Commerce: Corporate Risk Governance and Liability on The Wild Frontier, specifically focused upon the practical considerations regarding the implications of computational economics and statistics for data forensics, cybersecurity and digital discovery.
About Numerati® Partners LLC
Numerati® Partners LLC coordinates a data analytics and technology development ecosystem, with the mission of advancing and fostering the next generation of scalable data-intensive risk and liability management enterprises. The firm provides resources fundamental to advancing the development of nascent leading-edge inferential surveillance, monitoring, and predictive analytics technologies for deployment within the RiskTech domain: risk technologies associated with adaptive distributed, networked and embedded systems such as remote sensing, agent-oriented data analytics, computing and control systems. Numerati Partners curates integrated RiskTech solutions as well as forensic and use-case applications in RiskTech sub-domains such as LitTech, RegTech, FinTech and InsurTech (litigation technology, regulation technology, financial technology and insurance technology). For more information, visit https://numeratipartnersllc.com/.
About RiskEcon® Lab for Decision Metrics @ Courant Institute of Mathematical Sciences NYU
The mission of RiskEcon® Lab @ Courant Institute of Mathematical Sciences NYU is to enable, facilitate and coordinate academic research focusing on these patterns and trends, via the development of commercially-viable, analytic applications employing computational statistical tools in conjunction with innovative and non-traditional data structures. In addition, the lab’s activities involve the advancement of applied mathematical statistics and computational economics, through interdisciplinary post-doctoral, postgraduate, graduate research and education in data science and social computing.
RiskEcon® Lab for Decision Metrics was established in 2011 at Courant Institute of Mathematical Sciences, an independent division of New York University (NYU). Courant is considered to be one of the world’s leading mathematics educational and scientific research centers, and has been ranked first in research in applied mathematics. For more information, visit https://wp.nyu.edu/riskeconlab/.
About Weil Gotshal
Weil, Gotshall & Manges LLP, headquartered in New York City, is an American international law firm. With over 1,000 attorneys, the firm has offices in Boston, Washington, D.C., Miami, Houston, New York, Silicon Valley, Dallas, Paris, London, Munich, Prague, Beijing, Hong Kong, Shanghai, Frankfurt, and Warsaw.
October 2, 2013 | New York, NY