David K.A. Mordecai was a Speaker on Opportunities and Challenges in Cybertech

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 1st, 2013 at Weil, Gotshall & Manges, 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.

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 RiskEcon® Lab @ Courant

The mission of RiskEcon® Lab @ Courant 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.

About Weil Gotshal

Weil, Gotshal & 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 2nd 2013, New York, NY