Recent financial system hacks have made the already important role of financial privacy advisor even more vital. In February, hackers used an international financial messaging service to steal more than $80 million from Bangladesh’s account at the Federal Reserve Bank of New York. Financial institutions are attractive targets for hackers, and attorneys are increasingly forced to address cybersecurity-related issues in addition to their main practice areas.
Mercedes K. Tunstall, a public policy partner at Pillsbury Winthrop Shaw Pittman LLP in Washington, speaks on this and other financial data cybersecurity threats in a video interview with Bloomberg BNA Senior Legal Editor Jimmy H. Koo. Tunstall discusses how she was able to bridge advising clients on compliance with consumer financial services laws with advising them on privacy and cybersecurity issues.
Consumer financial services have a lot of sensitive information and it is necessary to understand what that sensitive information is and that the information is secure, Tunstall told Bloomberg BNA. For everyday consumers, Tunstall suggested signing up for credit monitoring services and moving away from credit and debit cards. Credit cards have all of the necessary information for a transaction to go through, she said. However, if that information is stored on a mobile device, criminals have to use sophisticated means to get into the device and use that information, she said.
Among other things, Tunstall also shared her thoughts on the recent cybersecurity guidance issued by New York’s Department of Financial Services as well as the role of the Consumer Protection Bureau in protecting privacy and security.
To keep up with the constantly evolving world of privacy and security sign up for the Bloomberg BNA Privacy and Security Update.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)