Cyber Risks in the Boardroom

Transcription

1 Cyber Risks in the Boardroom Managing Business, Legal and Reputational Risks Perspectives for Directors and Executive Officers June 4, 2015 Presented by: In Partnership With:

2 Welcome On behalf of RANE, Sullivan & Cromwell LLP and we d like to personally welcome each of you to our conference, Cyber Risks in the Boardroom: Managing Business, Legal and Reputational Risks. We are delighted to have you join us for a day of engaging panel discussions featuring senior government officials, leading legal practitioners and top business executives. Cybersecurity today has evolved far beyond the narrowly-defined confines of technology. Geopolitical conflict, terrorism, corporate governance, compliance and legislation are now all part of the ongoing cybersecurity risk management conversation taking place in boardrooms and executive offices around the world. Many of you have expressed a critical need to be part of a community that will manage these shared risks with shared solutions, and we believe this gathering is a key part of that effort. Our objective for today and beyond is straightforward to inspire discussion and ideas from the finest experts in this field and provide practical solutions and tools for more effective and efficient management through all stages of cyber-risk prevention, response and recovery. We would like to thank you, as well as our distinguished panelists and moderators, for attending and bringing your own ideas and expertise to this conference. We look forward to a successful and productive day. Sincerely, Jay Clayton, Sullivan & Cromwell LLP David Lawrence, RANE Mukul Pandya, Knowledge@Wharton Copyright 2015 Sullivan & Cromwell LLP LG5614 Attorney Advertising. Prior results do not guarantee a similar outcome. 1

3 Agenda THE CHATHAM HOUSE RULE WILL BE IN EFFECT. TIME TITLE SPEAKERS TIME TITLE SPEAKERS 8:00 a.m. Breakfast 8:45 a.m. Welcome JOSEPH C. SHENKER Chairman, Sullivan & Cromwell LLP DAVID LAWRENCE Founder and Chief Collaborative Officer, RANE; former Associate General Counsel and Managing Director, Goldman Sachs 1:00 p.m. Corporate Governance Panel: What Should Directors Know and What Questions Should They Be Asking? FRANCES TOWNSEND Moderator Former Homeland and Counterterrorism Advisor; CNN Analyst; Executive Vice President, MacAndrews & Forbes EDWARD G. AMOROSO Senior Vice President and Chief Security Officer, AT&T JASON BAUMGARTEN Partner, Spencer Stuart Seattle 9:00 a.m. The Cyber Risk Landscape Understanding the Threats Geopolitical Conflict, Terrorism, Fraud, Industrial Espionage, Hacktivism Much More than a Technology Problem MICHAEL CHERTOFF Former Secretary of Homeland Security; Executive Chairman, The Chertoff Group JUAN ZARATE Chairman and Co-Founder Financial Integrity Network; former Deputy National Security Adviser; Senior National Security Analyst, CBS News JOSEPH B. FRUMKIN Partner, Sullivan & Cromwell LLP JOSHUA J. LAROCCA Managing Director, Stroz Friedberg JAMES P. TORGERSON Edison Electric Institute Board Lead on Cybersecurity 9:50 a.m. Networking break 10:20 a.m. Corporate and Government Preparedness Lessons Learned Where do Companies and Governments Stand? 11:10 a.m. Keynote Address: Where Is the Law, Where Is It Going and Where Should It Go? TIMOTHY P. MURPHY Moderator Vice President, MacAndrews & Forbes; former Deputy Director, Federal Bureau of Investigation JOSEPH DEMAREST, JR. Associate Executive Assistant Director, Criminal, Cyber, Response & Services Branch, Federal Bureau of Investigation GARIN PACE Head of Underwriting Excellence Cyber, AIG PHILIP VENABLES Chief Information Risk Officer, Goldman Sachs H. RODGIN COHEN Senior Chairman, Sullivan & Cromwell LLP 1:50 p.m. Role of Government and Public- Private Cooperation: Cooperation Clearly Is Essential How Will It Be Accomplished? 2:40 p.m. Networking break MICHAEL M. WISEMAN Moderator Partner, Sullivan & Cromwell LLP AUSTIN P. BERGLAS Senior Managing Director, Cyber Investigations and Incident Response, K2 Intelligence SHAWN HENRY President, CrowdStrike Services ARI SCHWARTZ Senior Director for Cybersecurity, National Security Council at The White House CYRUS R. VANCE, JR. District Attorney, New York County 12:00 p.m. Networking lunch 2 3

4 Agenda continued Opening Remarks TIME TITLE SPEAKERS 3:10 p.m. Dealing with a Breach Mock Crisis Putting the Response Plan to the Test; Q&A 4:00 p.m. Perspectives on the Future Challenges and Responsibilities of Directors and Executive Officers JAY CLAYTON Moderator Partner, Sullivan & Cromwell LLP FRANK J. CILLUFFO Director, George Washington University Center for Cyber and Homeland Security DANIEL M. GALLAGHER, JR. Commissioner, U.S. Securities and Exchange Commission STEPHEN LABATON President, Finsbury; former Senior Writer, The New York Times JAMES F. YACONE Assistant Director, Federal Bureau of Investigation; Head of FBI Global Critical Incident Response Group MUKUL PANDYA Moderator Executive Director/Editor-in-Chief, Knowledge@Wharton CHRISTOPHER AHLBERG CEO, Recorded Future, Inc. EARL N. CRANE Director, Promontory Financial Group, LLC Joseph C. Shenker Chairman, Sullivan & Cromwell LLP At the end of 2012, The Financial Times stated that Joseph C. Shenker is one of the rare lawyers who can turn his hand to many legal disciplines. This observation highlights Mr. Shenker s practice that includes experience in negotiated mergers and acquisitions (public and private); domestic and cross-border joint ventures; the representation of private equity investors and family investment offices in the Americas, Europe and Asia; securities offerings; private and public financings; commercial real estate; professional sports-related transactions; and tax and estate planning. A personal adviser to dozens of the world s most active and influential business leaders and families, he has counseled clients on significant transactional matters across a number of practice areas and industry sectors. Mr. Shenker joined S&C in 1980, became a partner of the Firm in 1986, led the Firm s global commercial real estate practice for over 20 years, has been a member of the Firm s Management Committee since 1996, was named vice chairman of the Firm in 2006, and became chairman of the Firm on January 1, Among his pro bono and community activities, Mr. Shenker is a member of the Steering Committee of the Board of Visitors of Columbia Law School and a member of the Board of Trustees of The Mount Sinai Medical Center. Mr. Shenker has been recognized in numerous publications, including Chambers, Euromoney, Mondaq, New York Super Lawyers and The Best Lawyers in America. MICHAEL MADON Vice President of Business Development, RedOwl; former Treasury Deputy Assistant Secretary JOHN RIGGI Section Chief, Cyber Outreach Section, Cyber Division, Federal Bureau of Investigation 4:45 p.m. Closing 5:00 p.m. Cocktail Reception 4 5

5 Keynote Address Conference Coordinators H. Rodgin Cohen Senior Chairman, Sullivan & Cromwell LLP Senior Chairman H. Rodgin Cohen of Sullivan & Cromwell LLP is a trusted adviser to the financial services industry and to global corporations and their boards of directors. Mr. Cohen provides acquisition, regulatory, enforcement, securities law, corporate governance and cybersecurity advice to a large number of financial and nonfinancial institutions, both regular clients and as special assignments. As cyber risks have significantly increased, an increasing part of Mr. Cohen s advice to senior management, banks and trade associations has related to cybersecurity. Mr. Cohen is or has been a member of the FDIC Systemic Resolution Advisory Committee, the National Security Agency Cyber Awareness Panel, the Treasury Advisory Committee on the Auditing Profession and The New York State Commission to Modernize the Regulation of Financial Services. Mr. Cohen is widely recognized as a leader in the financial and legal services industries. He has received numerous accolades from and is consistently ranked among the nation s top lawyers by the following authorities: The American Lawyer, Best Lawyers, BTI Consulting Group, Chambers USA, Financial Times, IFLR, Institutional Investor, The M&A Advisor, the National Association of Corporate Directors, The National Law Journal, The New York Law Journal and Worth Magazine. For more information on Mr. Cohen, visit his Firm bio at Jay Clayton Partner, Sullivan & Cromwell LLP Jay Clayton is co-managing Partner of the Firm s General Practice Group and co-head of the Firm s Cybersecurity Group. Mr. Clayton s practice involves public and private mergers and acquisitions transactions, capital markets offerings, regulatory and enforcement proceedings, cyber-related matters and other matters where multidisciplinary advice and experience is valued. Mr. Clayton also advises several high-net-worth individuals regarding their public and private investments. 6 7

6 Conference Coordinators continued David Lawrence Founder and Chief Collaborative Officer, RANE; former Associate General Counsel and Managing Director, Goldman Sachs David Lawrence is the Founder and Chief Collaborative Officer of RANE. He previously served for approximately 20 years as Associate General Counsel and Managing Director at Goldman Sachs. During his tenure, David formed and was the global head of the Business Intelligence Group. His role covered a wide range of legal, regulatory, diligence and transactional responsibilities for the firm, as well as advising Goldman s clients directly. David served on a number of the firm s global riskmanagement and investment committees, including its Commitments and Capital Committees. During his tenure, David worked with his industry counterparts to lead in the development of Wall Street s first design and implementation of controls and technology to safeguard against money laundering, illicit finance, terrorism financing, foreign corrupt practices and violations of economic sanctions. In 2014, David received the FBI Director s Award for his efforts in combating international terrorism. Over the years, David and Goldman Sachs were jointly awarded over 20 risk management patents. While at Goldman Sachs, he helped create and lead the firm s formation of Regulatory Data Corp (RDC), in which 20 of the leading global banks invested. RDC ( provides data, technology and risk management solutions to the private sector in wide ranging areas including: anti-money laundering, fraud, corruption and illicit finance, as well as other enterprise risk-relevant fields. In 2007, Bain Capital Ventures became the lead investor in RDC. Until 2014, David served as a member of the company s board. Prior to working at Goldman Sachs, David served for 10 years as an Assistant US Attorney in the Southern District of New York. During this tenure, he served as the Deputy Chief of the Criminal Division and Chief of the Public Corruption and General Crimes Units. David serves as a member of the Board of Trustees for the John Jay College of Criminal Justice Foundation (City University of New York). David received a B.A. from Brandeis University in Urban Studies, Magna Cum Laude with Highest Honors. He attended the University of Texas School of Law and received his J.D. from New York University School of Law. Mukul Pandya Executive Director/Editor-in-Chief, Knowledge@Wharton Mukul Pandya is the editor-in-chief and executive director of Knowledge@ Wharton Network, a portfolio of web-based journals of research and business analysis published by the Wharton School of the University of Pennsylvania. He is a Senior Fellow in the Wharton School s Management Department. Launched in May 1999 to distribute Wharton s research in a user-friendly format and style to a global business audience, Knowledge@Wharton has more than 3 million users in 200 countries. Universia Knowledge@ Wharton, a Spanish/Portuguese language version of Knowledge@Wharton, was launched in January The Chinese edition of Knowledge@Wharton was launched in March The Indian version of Knowledge@Wharton was launched in November 2006, the Arabic section in March 2010 and the Israeli section of Knowledge@Wharton in October In March 2011, Knowledge@Wharton launched Knowledge@Wharton High School (KWHS) a portal in English and Spanish aimed at high school students and educators around the world. Knowledge@ Wharton in June 2014 launched a daily two-hour radio show on Sirius XM, a satellite radio provider that reaches more than 50 million listeners. In 2008, Knowledge@Wharton was awarded the University of Pennsylvania s Models of Excellence award by President Amy Gutmann. A winner of four awards for investigative journalism, Mr. Pandya has more than 35 years of experience as a writer and editor. His articles have appeared in the Wall Street Journal, the New York Times, the Economist, Time magazine, the Philadelphia Inquirer and other publications. He holds a master s degree in economics from the University of Bombay. Mr. Pandya is the author of three books. Most recently he and Robbie Shell co-wrote Lasting Leadership: Lessons from the 25 Most Influential Businesspeople of Our Times, which was published in October 2004 (Wharton School Publishing). In November 2002 he co-authored Knowledge@Wharton on Building Corporate Value with Robert E. Mittelstaedt, Jr., Harbir Singh and Eric Clemons (John Wiley & Sons, New York). His first book, published in 2001, is the biography of Kevork Hovnanian, founder of K. Hovnanian Enterprises, one of the largest homebuilders in the U.S. Mr. Pandya lives in Lawrenceville, N.J., with his wife and daughter. 8 9

7 Moderators Timothy P. Murphy Vice President, MacAndrews & Forbes; former Deputy Director, Federal Bureau of Investigation Timothy P. Murphy is Vice President at MacAndrews & Forbes Incorporated ( M&F ), a private, diversified holding company. Prior to joining M&F, Mr. Murphy was the Deputy Director of the Federal Bureau of Investigation ( FBI ). Mr. Murphy spent 23 years in the FBI. He held a number of operational positions in the FBI in a variety of field offices nationwide, investigating matters as diverse as counterterrorism, cyber and organized crime. He also served as an FBI pilot. Mr. Murphy served in various management roles, to include serving as a Special Assistant to the FBI Director a position that gave him a unique, high-altitude view of the Global FBI from both operational and administrative perspectives. He served as the Special Agent in Charge of the Cincinnati Field Office, as the Bureau s Chief Financial Officer and then the Associate Deputy Director before becoming the Deputy Director in In his last two FBI positions, Mr. Murphy oversaw the operational and administration aspects of a workforce that was more than 35,000 strong, spread throughout 56 national offices and more than 60 international offices. This included all operational aspects of the Counterterrorism, Counterintelligence, Criminal, Cyber and Intelligence Programs, as well as human resources, training, strategy management, facilities management, records management, security, financial management, information technology, inspection, internal audit and leadership development. Mr. Murphy maintains close ties to the law enforcement and intelligence communities and is frequently consulted for his expertise in global cyber, counterterrorism, criminal and security issues. He is a guest lecturer at colleges and universities on these issues. He is frequently called on to speak on these topics in the media. He is member of the Police Executive Research Forum, the International Association of Chiefs of Police, the Department of State Overseas Security Advisory Council (OSAC), New York OSAC Executive Committee, Chairman of the FBI/DHS Domestic Security Alliance Council Committee for Strategy, Cyber, Outreach, the FBI Agents Association, the FBI National Academy Associates and the International Security Management Association where he sits on the membership committee. He is also a member of the Advisory Board of a cyber-security company and on the Board of Directors for a data analytics company. Frances Townsend Former Homeland and Counterterrorism Advisor; CNN Analyst; Executive Vice President, MacAndrews & Forbes Frances Fragos Townsend is an Executive Vice President for Worldwide Government, Legal and Business Affairs at MacAndrews and Forbes Incorporated. She works across MacAndrew s portfolio companies focusing on international, legal, compliance and business development issues. Prior to that she was a corporate partner with the law firm of Baker Botts, LLP. From 2004 to 2008, Ms. Townsend served as Assistant to President George W. Bush for Homeland Security and Counterterrorism and chaired the Homeland Security Council. She also served as Deputy National Security Advisor for Combatting Terrorism from May 2003 to May Ms. Townsend spent 13 years at the U.S. Department of Justice under the administrations of President George H. W. Bush, President Bill Clinton and President George W. Bush. She has received numerous awards for her public service accomplishments. Ms. Townsend is a Director on the board of three public companies (NYSE: FCX, NYSE: WU, NASDAQ: SGMS) where she serves on: compliance, compensation and governance committees. She also serves on three private company boards where she chairs all three compensation committees and is the Chairwoman of one Board. Ms. Townsend also serves on several government advisory and nonprofit boards. Ms. Townsend is a trustee on the board of the New York City Police Foundation and the Intrepid Sea, Air & Space Museum. She is also a member of the Council on Foreign Relations and the Trilateral Commission. Ms. Townsend is an on air Analyst for CNN and has regularly appeared on network and cable television as a foreign policy, counterterrorism, national and homeland security expert

8 Moderators continued Speakers Michael M. Wiseman Partner, Sullivan & Cromwell LLP Michael Wiseman represents domestic and international commercial banks, investment banks and insurance companies. His practice encompasses regulatory and enforcement issues, mergers and acquisitions, capital markets, new products initiatives, derivative products, payment system issues, consumer financial products, cybersecurity, and corporate governance and counseling. Mr. Wiseman has a long history of advising global financial institutions on their largest transactional and their most sensitive regulatory matters. During the Financial Crisis, among other engagements, Mr. Wiseman advised AIG in connection with the $85 billion emergency financing plan with the Federal Reserve and subsequent $30 billion equity capital commitment facility. He then represented AIG in its capital restructuring and public offerings in connection with its exit from government ownership. He was recognized by The American Lawyer as a Dealmaker of the Year for his work on AIG. He also represented Goldman Sachs in its conversion to a bank holding company and UBS on a variety of matters, including obtaining SWF investments during the Financial Crisis. Mr. Wiseman has also advised UBS on a variety of matters including enforcement, restructuring, acquisition, corporate governance and capital raising matters. He recently represented UBS in connection with its creation of a new top tier holding company. His enforcement practice has included representations of Bank of New York Mellon, Standard Chartered, Lloyds Bank PLC, Deutsche Bank, AIG, Moodys, Goldman Sachs, UBS, SEB and, recently, BNP Paribas in connection with the resolution of its recent sanctions matter. His mergers and acquisitions experience includes acquisitions, divestitures and joint ventures representing, among others, AIG, Bank of New York Mellon, U.S. Trust, UBS, Barclays, Dresdner Bank and SEB. His payment system representations include The Clearing House Association and CHIPS, as well as the creation of CLS. His trade association representations include The Clearing House Association, BAFT- IFSA and SIFMA. Clients which he regularly advises include AIG, Bank of Montreal, Bank of New York Mellon, Barclays, BNP Paribas, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Moodys, Nordea, The Clearing House Association LLP and UBS. Christopher Ahlberg CEO, Recorded Future, Inc. Dr. Christopher Ahlberg is the CEO of Recorded Future, Inc. and Chairman of Hult International Business School. He advises a series of start up companies. Earlier Ahlberg was the president of the Spotfire Division of TIBCO, which he founded in 1996 and in 2007 sold to TIBCO (Nasdaq: TIBX) for $195M. Spotfire was founded based on his ground-breaking research on information visualization. Dr. Ahlberg earned his doctorate from Chalmers University of Technology, worked as a visiting researcher at the University of Maryland, and has lectured and consulted extensively for industry, academia, military, and intelligence communities as well as published & lectured in computer science, cyber security, psychology, linguistics, biology, and chemistry. He has five granted software patents, and multiple pending. Dr. Ahlberg was named among the World s Top 100 Young Innovators by Technology Review, MIT s Magazine of Innovation in He is a member of the Royal Swedish Academy of Engineering Sciences

9 Edward G. Amoroso Senior Vice President and Chief Security Officer, AT&T Dr. Edward G. Amoroso currently serves as Senior Vice President and Chief Security Officer at AT&T, where his primary responsibilities lie in the real-time protection of AT&T s vast enterprise, network, and computing infrastructure, including its emerging LTE mobile network and cloud services. Ed s team is presently focused on creating innovative means for reducing the risk of Advanced Persistent Threat (APT), Distributed Denial of Service (DDOS), mobile malware, and cloud infrastructure attacks targeting AT&T and its customers. Ed s team works specifically in the area of advanced threat analytics, virtualization of cloud resident security protections, enterprise security policy and architecture, and advanced detection of malware. During his twenty-nine year career with AT&T, beginning at Bell Labs, Ed has focused exclusively on cyber security, working on projects ranging from Unix operating system security to critical infrastructure protection design. Ed is the author of dozens of technical papers and reports, as well as five published books on the topic of cyber security. For the past twenty-five years, he has also served as adjunct professor of computer science at the Stevens Institute of Technology, where he has introduced roughly 2,500 graduate students to the topic of computer security. Ed holds the BS degree in physics from Dickinson College, and the M.S. and Ph.D. degrees in computer science from the Stevens Institute of Technology. Ed is also a graduate of the Columbia Business School. In 2000, Ed was awarded the AT&T Labs Technology Medal and was elected an AT&T Fellow in Ed s work has been featured in major news media such as the Wall Street Journal, the New York Times, and CNN. He has recently completed, with his seventeen-year-old son Matthew, a high school textbook on computer science entitled From Gates to Apps (Silicon Press, 2013). Jason Baumgarten Partner, Spencer Stuart Seattle Jason Baumgarten is a member of the firm s CEO, Board and Technology Practices and has deep expertise working with growth and turnaround companies of all stages, from firms earning several million in revenue to multibillion-dollar global organizations. Jason has worked across segments of the technology industry, including IoT, SaaS, big data, cyber security, consumer Internet and e-commerce. In addition to his work for technology companies, Jason has helped dozens of companies across industries from healthcare-to-financial services embrace the opportunity and risks of an increasingly digital world. Having led hundreds of executive and board recruitments, Jason has worked with many of the most admired companies on earth. Previously, Jason was with McKinsey & Company, where he was an associate principal and a leader in the firm s technology, media and service operations practices. At McKinsey, Jason advised some of the world s largest technology and media companies on topics ranging from growth and innovation to organizational design. He also worked with many institutions facing disruptions from new channels and technologies, ranging from government agencies to large retailers. Earlier in his career, Jason was at Microsoft, where he worked in online product marketing. He launched his career in the media planning team at Ogilvy & Mather Advertising in New York. Jason holds a M.B.A. from Stanford University and a B.A. in economics from Vassar College. He is an active member of the Seattle nonprofit community, including serving on the Islandwood Board of Directors

10 Austin P. Berglas Senior Managing Director, Cyber Investigations and Incident Response, K2 Intelligence Austin P. Berglas is Senior Managing Director and head of the U.S. Cyber Investigations and Incident Response practice at K2 Intelligence. He brings deep investigative experience in counter intelligence, national security, criminal cyber investigations and incident response to K2 Intelligence. Before joining K2 Intelligence, Austin served as Assistant Special Agent in Charge (ASAC) of the Federal Bureau of Investigation s (FBI) Cyber Branch in the New York Office (NYO), where he oversaw all national security and criminal cyber investigations in the largest cyber branch in the FBI. Among the high profile, joint and international operations he managed were the dismantlement of the Blackshades organization and seizures of numerous TOR based sites including Silk Road and Silk Road 2.0. He also established the Financial Cyber Crimes Task Force, the FBI s first joint effort with the New York City Police Department (NYPD) and the Metropolitan Transportation Authority (MTA) to combat cyber threats and high technology crimes affecting New York City and the nation. Prior to being named ASAC of the NYO s Cyber Branch, he was designated as an Assistant Inspector, Inspection Division, FBI Headquarters in Washington, D.C. In May 2013, Austin was named Acting Special Agent in Charge (A/SAC) of the NYO s Special Operations/ Cyber Division, where he led over 400 employees in the largest technical and physical surveillance operation in the FBI, overseeing all investigations in the New York Cyber branch, an office he helped to create in As A/SAC, he was also responsible for the Special Events and Crisis Management Programs consisting of SWAT, Evidence Response, Underwater Search and Recovery, and Rapid Deployment. While at the FBI he has also served as supervisor of the New York Office Computer Crimes Squad/Cyber Crimes Coordinator, where he was responsible for the investigations into computer intrusions, intellectual property rights violations, and Internet fraud, extortion and gambling. In addition, he has served as the Crimes Against Children Coordinator in the FBI s NYO, responsible for the coordination and investigation of crimes including international and domestic kidnapping, sex tourism, and the sexual exploitation of children over the Internet. He has been rewarded for his work, receiving the FBI Director s Award for Excellence in a Cyber Investigation in 2010 and the Voice for All Children Award presented by the Coalition Against Child Abuse and Neglect in Prior to entering the FBI in 1999, Austin was a Captain in the United States Army serving in various roles as a light cavalry officer and deploying to Haiti in 1995 in support of Operation Uphold Democracy. He received his B.S. from Dickinson College and has participated in Navigating Strategic Change hosted at the Kellogg School of Management at Northwestern University. Michael Chertoff Former Secretary of Homeland Security; Executive Chairman, The Chertoff Group As Secretary of the U.S. Department of Homeland Security from 2005 to 2009, Michael Chertoff led the country in blocking would-be terrorists from crossing our borders or implementing their plans if they were already in the country. He also transformed FEMA into an effective organization following Hurricane Katrina. His greatest successes have earned few headlines because the important news is what didn t happen. At The Chertoff Group, Mr. Chertoff provided high-level strategic counsel to corporate and government leaders on a broad range of security issues, from risk identification and prevention to preparedness, response and recovery. Risk management has become the CEO s concern, he says. We help our clients develop comprehensive strategies to manage risk without building barriers that get in the way of carrying on their business. Before heading up the Department of Homeland Security, Mr. Chertoff served as a federal judge on the U.S. Court of Appeals for the Third Circuit. Earlier, during more than a decade as a federal prosecutor, he investigated and prosecuted cases of political corruption, organized crime, corporate fraud and terrorism including the investigation of the 9/11 terrorist attacks. Mr. Chertoff is a magna cum laude graduate of Harvard College (1975) and Harvard Law School (1978). From he served as a clerk to Supreme Court Justice William Brennan, Jr. In addition to his role at The Chertoff Group, Mr. Chertoff is also senior of counsel at Covington & Burling LLP, and a member of the firm s White Collar Defense and Investigations practice group

11 Frank J. Cilluffo Director, George Washington University Center for Cyber and Homeland Security Frank J. Cilluffo is an Associate Vice President at The George Washington University where he leads a number of national security and cyber security policy and research initiatives. Cilluffo directs the Center for Cyber and Homeland Security, is co-director of GW s Cyber Center for National and Economic Security and along with the School of Business, launched the university s World Executive MBA in Cybersecurity program. Cilluffo is routinely called upon to advise senior officials in the Executive Branch, US Armed Services, and State and Local governments on an array of national and homeland security strategy and policy matters. He also frequently briefs Congressional committees and their staffs and has testified before Congress over 25 times at high profile hearings on counterterrorism, cyber threats, security and deterrence, weapons proliferation, organized crime, intelligence and threat assessment, as well as emergency management, border and transportation security. Similarly, he works with US allies and organizations such as NATO and Europol. He has presented at a number of bi-lateral and multi-lateral summits on cybersecurity and countering Islamist terrorism, including the UN Security Council. Cilluffo has published extensively in academic, law, business, and policy journals, and magazines and newspapers worldwide, including: ABC News, Foreign Policy, The Journal of International Security Affairs, The National Interest, Parameters, Politico, Studies in Conflict and Terrorism, USA Today, US News & World Report, The Washington Quarterly and the Washington Post. He currently serves on the editorial advisory board for Military and Strategic Affairs and routinely acts as a reviewer for other publications and for grant-making foundations. Cilluffo joined GW in 2003, establishing CCHS as a prominent nonpartisan think and do tank dedicated to the building bridges between theory and practice to advance US security. CCHS has hosted numerous Cabinet Members and agency directors, military and law enforcement officers, Members of Congress, diplomats, business executives and academics and has issued dozens of reports that are widely cited by media, research institutions, think tanks and governments. Prior to joining GW, Cilluffo served as Special Assistant to the President for Homeland Security. Immediately following the September 11, 2001 terrorist attacks, Cilluffo was appointed by President George W. Bush to the newly created Office of Homeland Security. During his tenure at The White House, he was involved in a wide range of counterterrorism and homeland security strategy and policy initiatives, served as a principal advisor to Governor Tom Ridge, and directed the President s Homeland Security Advisory Council. Earl N. Crane Director, Promontory Financial Group, LLC Earl is a recognized expert in information security and cybersecurity strategy and policy. He joined Promontory from the White House National Security Staff, where he advised the president on cybersecurity policy. He is also a highly regarded academic, with a Ph.D. from George Washington University in large-scale computer network defense, and serving as an adjunct professor at Carnegie Mellon University for the past 12 years. At Promontory, Earl specializes in helping clients develop strategic solutions to growing cybersecurity challenges. As the director for federal cybersecurity policy on the president s National Security Staff from 2011 to 2013, Earl led federal cybersecurity policy and oversight for the cybersecurity coordinator, and was responsible for aligning and responding to shifting cybersecurity threats and vulnerabilities throughout the federal executive branch. In July 2013, President Barack Obama personally highlighted his efforts leading to a more secure federal government. He coordinated with senior government leaders to provide direction and streamline processes in a number of disciplines, including continuous monitoring, strong authentication, cloud computing, mobile computing, FISMA compliance, incident response, and information sharing and safeguarding. From 2005 to 2011, Earl worked for the Department of Homeland Security, where he was the director of cybersecurity strategy and the chief information security architect. He supervised staff creating and implementing the DHS security risk-management strategy, and led the development of enterprisewide security architecture, policies and procedures to address issues including intrusion detection and response, security operations, threat intelligence, cloud computing security, and data-loss prevention. His background bridges evolving concepts in academic information-security management and practical implementation requirements. Prior to DHS, Earl was a senior security consultant at Foundstone Inc., a division of McAfee, where he led the risk and regulatory compliance consulting services, and managed risk assessments, security architecture, penetration testing, incident response, and computer and network forensic analysis. Earl earned a Ph.D. in engineering management and a Master s certificate in project management at George Washington University, a Masters of Information System Management, information security at Carnegie Mellon University and a B.S. in mechanical engineering at Carnegie Mellon University

12 Joseph Demarest, Jr. Associate Executive Assistant Director, Criminal, Cyber, Response & Services Branch, Federal Bureau of Investigation As Associate Executive Assistant Director of FBI s Criminal, Cyber, Response, and Services Branch (CCRSB), Mr. Demarest supports the Bureau s growing and vital work in cyber and criminal investigations, international operations, critical incident response, and victim assistance. As chief operations officer for the Branch, Mr. Demarest provides technical advice and guidance across CCRSB components and establishes and nurtures relationships with federal, state, and local law enforcement and intelligence agencies. He also focuses on workforce development, training, and implementing standardized intelligence processes across the Branch. Prior to his role with CCRSB, Mr. Demarest served as Assistant Director of the Cyber Division, where he led the division through a dynamic transformation as part of FBI s Next Generation Cyber Initiative, helping position the Bureau to effectively identify, pursue, and defeat cyber adversaries targeting U.S. global interests. During his tenure, he also focused on the recruitment and retention of top cyber talent, enhanced the division s technical and leadership training, and realigned the division s budget to enhance its technology. He fostered and enhanced significant collaborative partnerships with government, academia, and industry both in the United States and abroad. Mr. Demarest began his career at the FBI in 1988 as a special agent assigned to the Anchorage Division, where he investigated white-collar crime, drugs, violent crime, and foreign counterintelligence cases. In 1990, he transferred to the New York Division and was assigned to a Colombian drug squad. He was later promoted to squad supervisor, and in 2000 was selected as the drug branch s acting assistant special agent in charge. After 9/11, Mr. Demarest served as a shift commander for the PENTTBOM investigation, leading a task force of more than 400 federal, state, and local investigators from more than 40 agencies. Mr. Demarest was promoted to unit chief at FBI Headquarters in 2002, where he served in the International Terrorism Operations Section (ITOS) within the Counterterrorism Division. In 2003, he served as section chief of ITOS until he was promoted to management positions in the International Terrorism Branch of the New York Division, ultimately becoming special agent in charge for counterterrorism. Mr. Demarest briefly left public service to work as a managing director for the Americas with Goldman Sachs in its Office of Global Security. In 2009, Mr. Demarest became the assistant director in charge of the FBI New York Division, where he oversaw several major investigations, including the terrorism investigation Operation Highrise, the Bernard Madoff case, and the piracy investigation of MV Maersk Alabama. In 2010, he returned to Headquarters as Assistant Director of the International Operations Division, and was appointed as Assistant Director of the Cyber Division in Mr. Demarest is an avid triathlete and an Ironman Finisher, having completed Ironman Wisconsin in 2012 with a time of 12:26:10. Joseph B. Frumkin Partner, Sullivan & Cromwell LLP Joseph Frumkin has provided legal counsel on many of the largest mergers and acquisitions transactions in history, representing buyers, sellers and special committees of independent directors. His practice focuses on U.S. and cross-border acquisitions, leveraged buyouts, corporate preparedness and proxy contests as well as corporate governance, cybersecurity and general corporate representation. Mr. Frumkin is the managing partner of S&C s Mergers & Acquisitions Group. Mr. Frumkin is consistently recognized as a leading lawyer by widely referenced legal guides such as Chambers, Euromoney, IFLR, and The Legal 500, among others. In 2008, he was named to The BTI Transactions All-Star Team and was previously named Dealmaker of the Year by The American Lawyer for his work on the Cingular-AT&T Wireless transaction

13 Daniel M. Gallagher, Jr. Commissioner, U.S. Securities and Exchange Commission Daniel M. Gallagher, Jr. was confirmed by the United States Senate as a Commissioner of the Securities and Exchange Commission on October 21, 2011 and sworn in on November 7, Commissioner Gallagher has had the honor and privilege of serving the agency in several capacities throughout his professional career. He first joined the Commission as a summer honors program intern while pursuing his law degree, focusing on enforcement matters. In January 2006, he rejoined the agency, serving first as counsel to SEC Commissioner Paul S. Atkins, and later as counsel to SEC Chairman Christopher Cox, working on matters involving the Division of Enforcement and the Division of Trading and Markets. In 2008, he joined the Division of Trading and Markets as Deputy Director and served as Co-Acting Director of the Division from April 2009 until January During this period, Commissioner Gallagher was on the front lines in the agency s response to the financial crisis. He represented the Commission in the Lehman Brothers liquidation, and helped lead the agency in addressing other crisis-related issues, including the move to central clearing of swaps and matters involving SIPC. In his role as Co-Acting Director of Trading and Markets, he also served as the inaugural Chairman of Committee 6 of the IOSCO Technical Committee, responsible for addressing matters related to the regulation of credit rating agencies. Since returning to the agency in 2011, Commissioner Gallagher has focused on initiatives aimed at strengthening our capital markets and encouraging small business capital formation, including staunchly supporting the changes introduced by the JOBS Act. Commissioner Gallagher has also been an outspoken and frequent advocate for conducting a comprehensive holistic review of equity market structure issues; increasing the Commission s focus on the fixed income markets, both corporate and municipal; addressing the outsized power of proxy advisory firms; and eliminating special privileges for credit rating agencies. He has also addressed the creeping federalization of corporate governance matters as well as the concerted efforts of special interest groups to manipulate the SEC s disclosure regime to advance their political agendas. He also has been instrumental in educating the markets and investors about the shortcomings of the Dodd Frank Act and the encroachment of bank regulatory measures and prudential regulators into the capital markets. In addition, Commissioner Gallagher has been an outspoken critic of the disturbing trend toward empowering supranational groups to enact one world regulation outside established constitutional processes. While in the private sector, Commissioner Gallagher advised clients on broker-dealer regulatory issues and represented clients in SEC and SRO enforcement proceedings as a partner with the Washington, D.C. law firm WilmerHale, where he earlier began his career in private practice. Commissioner Gallagher also served as the General Counsel and Senior Vice President of Fiserv Securities, Inc., where he was responsible for managing all of the firm s legal and regulatory matters. Commissioner Gallagher earned his JD degree, magna cum laude, from the Catholic University of America, where he was a member of the law review. He graduated from Georgetown University with a BA degree in English. Shawn Henry President, CrowdStrike Services As President of CrowdStrike Services, Shawn leads a world-class team of cybersecurity professionals who investigate and mitigate targeted attacks on computer networks. He retired as FBI Executive Assistant Director (EAD) in 2012, overseeing all FBI criminal and cyber investigations worldwide, as well as international operations and the FBI s critical incident response to major investigations and disasters. During his 24-year career, he held a wide range of operational and leadership roles in three FBI Field Offices and FBI Headquarters. Shawn was the Bureau s outspoken top agent on cybersecurity issues, credited with boosting the FBI s computer crime investigative capabilities. During his tenure, Shawn oversaw major computer crime and cyber investigations spanning the globe, from denial-of-service attacks, to major bank and corporate breaches, to nation-state sponsored intrusions. Shawn led the establishment of the National Cyber Investigative Joint Task Force (NCIJTF), a multi-agency center led by the FBI, and forged partnerships domestically and internationally within governments and the private sector. Shawn was an original member and key contributor to the National Cyber Study Group, under the direction of the Office of the Director of National Intelligence. This organization developed the Comprehensive National Cybersecurity Initiative (CNCI), the U.S. government s strategy to mitigate threats and secure cyberspace. Shawn has been a keynote speaker in some of the largest cyber conferences in venues around the world. His expertise has been recognized by many media organizations, and he is a regular contributor on every major television network, including programs like 60 Minutes; CBS Evening News; CNN; C-SPAN; Dateline; FOX News; Good Morning America; Bloomberg, and The Today Show. He has been interviewed extensively on radio and quoted in scores of print and online publications. Shawn s professional achievements have been recognized throughout his career. In 2009, he received the Presidential Rank Award for Meritorious Executive for his leadership in enhancing the FBI s cyber capabilities, and SC Magazine recognized him as one of the top industry pioneers who shaped the information security industry. In 2010 he was named one of the most influential people in security by Security Magazine; received the Federal 100 Award as a government leader who played a pivotal role in the federal government IT community; and was selected as cybercrime fighter of the year by McAfee Inc. Shawn has lectured on policy and strategy topics at major universities, including American; George Washington; Georgetown; Harvard; and Johns Hopkins. He served previously as a Director on the board of SecureBuy, and currently sits on the cyber advisory board to the Governor of New York. Shawn is on the Faculty and a Board Leadership Fellow at the National Association of Corporate Directors (NACD), where he speaks to Corporate Boards and Directors about complex cybersecurity issues. Shawn earned a Bachelor of Business Administration from Hofstra University and a Master of Science in Criminal Justice Administration from Virginia Commonwealth University. He is a graduate of the Homeland Security Executive Leaders Program of the Naval Postgraduate School s Center for Homeland Defense and Security

14 Stephen Labaton President, Finsbury; former Senior Writer, The New York Times Stephen Labaton, U.S. President of Finsbury, provides strategic counseling on public affairs, crisis communication, litigation, competition issues and areas at the intersection of law, policy and regulation. He has advised chief executives, senior officials and lawyers at many leading companies and organizations, often in some of the most high stakes proceedings. He is based in Washington and New York. Prior to joining Finsbury, Stephen was the founder of Georgetown Policy Advisers LLC, a public affairs firm, and an award-winning senior writer at The New York Times. He has twice been the recipient of the Gerald Loeb Award for distinguished journalism, the highest honor in business and financial reporting in the United States. He has twice been a finalist for the Pulitzer Prize. During his 23 years at The Times, he wrote about an array of complex legal, regulatory, financial and political issues. He is a former chairman of the Reporters Committee for Freedom of the Press. Stephen is a member of the Board of Directors of the Juvenile Law Center and the Board of Visitors of Duke University School of Law. He graduated from Duke with M.A. (philosophy) and J.D. degrees, and from Tufts University with a B.A. (philosophy and political science). He is a member of the bar in New York and Connecticut. Joshua J. Larocca Managing Director, Stroz Friedberg Joshua J. Larocca is a Stroz Friedberg Managing Director specializing in complex investigations on behalf of corporations, law firms, and financial services firms. He concentrates on internal fraud investigations, investigative due diligence, financial fraud, employee misconduct, and corruption matters. Mr. Larocca brings a diverse public and private sector background to his engagements. Prior to joining Stroz Friedberg Mr. Larocca served as a Trial Attorney in the Counterterrorism Section at the Department of Justice, responsible for investigating and prosecuting international and domestic terrorism cases, including terrorist financing, material support, money laundering and economic sanctions matters. In that role Mr. Larocca worked with the Federal Bureau Investigation (FBI), United States Attorney s offices, members of the U.S. intelligence community, and foreign law enforcement officials on cases involving complex classified evidentiary and discovery problems, international fugitive apprehensions, and sensitive witness issues. While at the Department of Justice, Mr. Larocca lectured on terrorist financing topics for the FBI, the U.S. State Department, and the United Nations Office on Drugs and Crime. From 2002 until 2006 Mr. Larocca served as an Assistant District Attorney in New York County. During this time, he presented numerous cases to the grand jury and conducted felony and misdemeanor jury trials while prosecuting a broad array of violent crime, identity theft, and domestic violence cases. In addition to his government experience, Mr. Larocca developed significant litigation experience at Nixon Peabody LLP. His practice centered on securities litigation, government investigations and international corporate investigations. Earlier in his career Mr. Larocca worked at Citibank Russia, first as Chief of Staff to the CEO of the bank and later as a Relationship Manager. Mr. Larocca holds an AB in Slavic Languages and Literatures, cum laude, from Princeton University, a JD from Fordham University School of Law, and a MSc in International Relations from the London School of Economics and Political Science

15 Michael Madon Vice President of Business Development, RedOwl; former Treasury Deputy Assistant Secretary Michael Madon serves as RedOwl s Vice President of Business Development, responsible for creating long-term value for the company from its customers, strategic alliances and channel partnerships. He brings nearly 20 years of experience leading teams at the intersection of government, business and information technology. As a senior executive at the Department of Treasury, Michael most recently led collaboration between government stakeholders and financial institution executives on cybersecurity policy matters and information sharing initiatives. He holds an M.B.A. from the Wharton School of the University of Pennsylvania, a Master of International Affairs from Columbia University, and a B.A. from Cornell University. Michael started his career as an artilleryman in the 82nd Airborne Division and remains an active member of the U.S. Army Reserves. Garin Pace Head of Underwriting Excellence Cyber, AIG Garin Pace is Head of Cyber Liability Underwriting Excellence for the U.S. and Canada at AIG. In this role, Garin is responsible for shaping and driving the underwriting strategy for all cyber-related products, ensuring all underwriting tools and processes are consistently leveraged across the portfolio. He is also responsible for driving the innovation of products, services, and processes that will best support the needs of all clients and brokers in the region as the cybersecurity risk landscape continues to evolve. Garin joined AIG in 2005 as a Professional Liability underwriter and has held various positions of increasing responsibility within the Professional Liability division during his tenure. Most recently, Garin was Regional Underwriting Manager for Professional Liability, responsible for the division s Major Account Practice in New York. Garin holds a Bachelor s of Science degree in Chemical Engineering from Tufts University

16 John Riggi Section Chief, Cyber Outreach Section, Cyber Division, Federal Bureau of Investigation Mr. Riggi is a highly decorated 27 year veteran of the FBI, and currently serves as the Section Chief for the Cyber Division Outreach Section where he leads the development of mission critical partnerships with the private sector. Previously, Mr. Riggi served as an Assistant Special Agent in Charge for the Washington Field Office s, Intelligence Division. In 2013 Mr. Riggi was selected to lead the development of the FBI s Cyber Financial Pursuit Team. Previously, Mr. Riggi served for four years as the National Operations Manager for the FBI s Terrorist Financing Operations Section and two years as a senior FBI detailee to CIA s Counterterrorism Center (CTC). Prior, Mr. Riggi served sixteen years in the FBI New York Field Office as a Case Agent, Supervisor of the High Intensity Financial Crimes Area (HIFCA) Task Force and Supervisor of the Terrorist Financing Squad. In New York, he developed and led the FBI s first undercover operation targeting Russian Organized Crime, was the first to use sting money laundering transactions in terrorism financing cases and initiated the Alavi Foundation terrorism financing case which resulted in the largest counterterrorism seizure of assets in US history. Mr. Riggi also acted in an undercover capacity posing as an organized crime money launderer to penetrate and expose the multi-billion dollar commercial check cashing industry in New York City and its connection to organized crime money laundering and bank corruption. Mr. Riggi also served as an operator on the FBI NY SWAT team for eight years. Mr. Riggi began his career as an FBI Special Agent in the Birmingham Office in Mr. Riggi is a recipient of the FBI Director s Award for leading a highly successful classified terrorism financing interdiction program which was responsible for preventing multiple terrorist attacks in a foreign ally s nation. Mr. Riggi is also a recipient of the CIA George H.W. Bush Award for Excellence in Counterterrorism, which is the CIA s highest counterterrorism award, for greatly expanding FBI / CIA joint counterterrorism operations and cooperation. Ari Schwartz Senior Director for Cybersecurity, National Security Council at The White House Ari Schwartz currently serves as Senior Director for Cybersecurity for the National Security Council Staff at the White House. Schwartz is responsible for formulation and coordination of cybersecurity programs, including protection of critical infrastructure, federal systems, and privacy for the White House and outreach to relevant stakeholders on cybersecurity and Internet policy. In 2015, Schwartz was named to the Fed 100, the top government and industry leaders who have played pivotal roles in how the federal government acquires, develops and manages IT. Previously, he served as a Senior Policy Advisor to Commerce Secretaries Gary Locke, John Bryson, and Penny Pritzker. Prior to his government service, he worked over 12 years at the Center for Democracy and Technology, including as Vice President and Chief Operating Officer

17 James P. Torgerson Edison Electric Institute Board Lead on Cybersecurity Mr. Torgerson, 62, is Chief Executive Officer and President of UIL Holdings Corporation. UIL Holdings is the holding company for The United Illuminating Company, The Southern Connecticut Gas Company, Connecticut Natural Gas Corporation, and The Berkshire Gas Company. He became President of UIL in January 2006 and CEO of UIL in July UIL completed its acquisition of the three gas companies on November 16, Prior to joining UIL Holdings Corporation, Mr. Torgerson served as President and Chief Executive Officer of the Midwest Independent Transmission System Operator, Inc. (MISO), and was a member of the Board of Directors. Before joining the Midwest ISO, Mr. Torgerson served as Chief Financial Officer for several gas and electric utilities in North America. Prior to Mr. Torgerson s move into the utility industry, he served as Vice President of Development for Diamond Shamrock Corporation where he also held a number of finance and strategic planning positions. In his position as President and Chief Executive Officer, Mr. Torgerson has an active role in the community. His current activities include: Trustee, Yale New Haven Health System Chair, Connecticut Business and Industry Association Board member, Edison Electric Institute Board member, American Gas Association Chair, CT 21 - The Connecticut Institute for the 21st Century Board member, Business Council of Fairfield County Member, American Cancer Society s CEOs Against Cancer Board member, New Haven Works A native of Cleveland, Ohio, Mr. Torgerson received a Bachelor of Business Administration in accounting from Cleveland State University. Cyrus R. Vance, Jr. District Attorney, New York County Cyrus R. Vance, Jr., was first inaugurated as the District Attorney of New York County on January 1, Over the following four years, Mr. Vance enhanced the Manhattan District Attorney s Office as a national leader in criminal justice by expanding the offices expertise on an array of 21st century crimes, including identity theft, cybercrime, white-collar fraud, hate crimes, terrorism, domestic violence, human trafficking, and violent and gang-related crimes. Upon taking office, Mr. Vance modernized the Manhattan District Attorney s Office by reorganizing its resources and creating new specialized bureaus and units, including the Crime Strategies Unit, Forensic Science/Cold Case Unit, Cybercrime and Identity Theft Bureau, Major Economic Crimes Bureau, Special Victims Bureau, Violent Criminal Enterprises Unit, Hate Crimes Unit, and the Public Corruption Unit. As District Attorney, Mr. Vance s many achievements include the takedown of numerous violent street gangs, dismantling of several major domestic and international cybercrime and identity theft operations, the first convictions of individuals on State terror charges in New York State Court, and the recovery of billions of dollars from international financial institutions that had been engaged in violating international sanctions for the benefit of countries like Iran, Libya, and Sudan. Mr. Vance was reelected on November 5, 2013, and begins his second term with a strong record of significantly reducing crime in Manhattan. In July 2011, Mr. Vance was elected by his peers to serve as President of the District Attorneys Association of the State of New York for the 2012 term. Mr. Vance also serves as co-chair of the New York State Permanent Commission on Sentencing. Mr. Vance was born and raised in Manhattan, and is a graduate of Yale University and Georgetown University Law Center. He and his wife, Peggy McDonnell, currently reside on the Upper West Side and have two grown children

18 Philip Venables Chief Information Risk Officer, Goldman Sachs Phil is the firm s Chief Information Risk Officer. He leads the Information Security, Technology Risk, Technology Governance and Business Continuity programs. He joined Goldman Sachs as a vice president in London in 2000 and transferred to New York in Phil was named managing director in 2003 and partner in Prior to joining the firm, Phil was Chief Information Security Officer at Deutsche Bank. He also functioned as the global head of Technology Risk Management for Standard Chartered Bank. Prior to that, Phil served in various technology, network management and software engineering roles at a number of finance, energy, and defense organizations. Phil serves on the Executive Committee of the US Financial Services Sector Coordinating Council for Critical Infrastructure Protection and the Board of Referees of the journal, Computers & Security and is a member of the boards of the Center for Internet Security and the NYU Polytechnic School of Engineering. He is also an advisor to the cyber-security efforts of the US National Research Council, the Institute of Defense Analyses and a US intelligence agency. Phil is a member of the Council on Foreign Relations. Phil earned a BSc (Hons) in Computer Science from York University in the United Kingdom and an MSc in Computation and Cryptography from the Queen s College at Oxford University. He was awarded the designation of Chartered Engineer in 1995 and Chartered Scientist in 2002 and was elected a Fellow of the British Computer Society in James F. Yacone Assistant Director, Federal Bureau of Investigation; Head of FBI Global Critical Incident Response Group James F. Yacone was named Assistant Director for the Federal Bureau of Investigation on March 24, In this role, he oversees global critical incident response personnel and resources for crisis management, tactical operations, crisis negotiations, hostage rescue, WMD and improvised explosive device mitigation, intelligence, surveillance and aviation, behavioral and cyber threat assessments, active shooter response and special events management. Mr. Yacone joined the FBI in 1995 as a Special Agent. He was first assigned to the Philadelphia Division, where he investigated violent drug trafficking organizations, organized crime, and financial institution fraud. He was later selected to serve with the Critical Incident Response Group (CIRG) as a member of the Hostage Rescue Team. During his tenure there, Mr. Yacone was promoted to Supervisory Special Agent and later Unit Chief, where he deployed to multiple critical incidents and major investigations around the world in support of the global fight against terrorism. In 2006, Mr. Yacone was appointed Chief of the FBI s Aviation and Surveillance Branch. In this position he implemented a strategic aircraft replacement plan to upgrade and standardize the FBI s diverse fleet of airplanes and helicopters and focused on enhancing the FBI s ground surveillance cadre. Mr. Yacone was later selected by Director Mueller to lead a strategic merger to consolidate a large number of personnel and assets into a unified Surveillance and Aviation Section. Mr. Yacone served as the Assistant Special Agent in Charge of the FBI s Richmond Division National Security Branch from 2007 to In addition to the counterterrorism, counterintelligence and intelligence programs, he also implemented the FBI s new threat-based intelligence process for two FBI field divisions. He was appointed to the Senior Executive Service in 2009 as Chief and Commander of the Hostage Rescue Team in CIRG. This involved direct management and oversight of the FBI s national tactical program, SWAT, crisis negotiation program and a variety of helicopters, maritime assault craft and crisis response assets. In 2011 Mr. Yacone was selected to serve as the Special Agent in Charge (SAC) of the FBI in Colorado and Wyoming. Concurrent with his responsibilities as SAC, Mr. Yacone was appointed by the Director of National Intelligence to be the Domestic DNI Representative, which involved coordinating the efforts of the U.S. intelligence community for a nine-state region. A New York native, Mr. Yacone graduated from the United States Military Academy at West Point with a Bachelor of Science in mechanical engineering and has a Master of Science in criminal justice from Virginia Commonwealth University. He served eight years in the U.S. Army and is a decorated combat veteran with the 160th Special Operations Aviation Regiment. His highest military awards include the Silver Star, Bronze Star, multiple Air Medals with Valor Device, the Humanitarian Service Award and the Purple Heart. He and his wife, Becky, have three children

19 About Juan Zarate Chairman and Co-Founder Financial Integrity Network; former Deputy National Security Adviser; Senior National Security Analyst, CBS News Juan Zarate is the Chairman and Co-Founder of the Financial Integrity Network, the Senior National Security Analyst for CBS News, and a Visiting Lecturer of Law at the Harvard Law School. Mr. Zarate is also a Senior Adviser at the Center for Strategic and International Studies (CSIS), the Chairman and Senior Counselor for the Foundation for Defense of Democracies Center on Sanctions and Illicit Finance (CSIF), and a Senior Fellow to the West Point Counterterrorism Center. Mr. Zarate served as the Deputy Assistant to the President and Deputy National Security Advisor for Combating Terrorism from 2005 to 2009, and was responsible for developing and implementing the U.S. Government s counterterrorism strategy and policies related to transnational security threats. Mr. Zarate was the first ever Assistant Secretary of the Treasury for Terrorist Financing and Financial Crimes where he led domestic and international efforts to attack terrorist financing, the innovative use of Treasury s national security-related powers, and the global hunt for Saddam Hussein s assets. Mr. Zarate is a former federal prosecutor who served on terrorism prosecution teams prior to 9/11, including the investigation of the USS Cole attack. Mr. Zarate has earned numerous awards for his work, including the Treasury Medal. Mr. Zarate sits on several boards, including the Vatican s Financial Information Authority (AIF), the Board of Advisors to the Director of the National Counterterrorism Center (NCTC), HSBC s Financial System Vulnerabilities Committee, America Abroad Media (AAM) Board of Advisors, the RANE Network Board, Aspen Institute s Homeland Security Group, and the Coinbase Board of Advisors. He is a senior fellow and adviser to several organizations, including the George Washington University s Homeland Security Policy Institute, and is a member of the Council on Foreign Relations. He is the author of Treasury s War: The Unleashing of a New Era of Financial Warfare (2013), Forging Democracy (1994), and a variety of articles in The New York Times, Financial Times, Washington Post, Wall St. Journal, LA Times, the Washington Quarterly and other publications. Mr. Zarate has his own weekly national security program on CBSNews.com called Flash Points. He is a graduate of both Harvard College and Harvard Law School and a former Rotary International Fellow (Universidad de Salamanca, Spain). He has been inducted into the Mater Dei High School Ring of Honor. RANE RANE is a technology-enabled information services and advisory company serving the market for global enterprise risk management. We provide access to, collaboration with, and unique insights from the largest global network of credentialed experts across the broad range of riskincluding safety, cyber security, legal & regulatory, GRC, diligence, geopolitical and medical issues. Through our collective insight, we help enterprises anticipate emerging threats and manage today s most complex risks. Sullivan & Cromwell LLP Sullivan & Cromwell LLP provides the highest quality legal advice and representation to clients around the world. The results the Firm achieves have set it apart for more than 130 years and have become a model for the modern practice of law. Today, S&C is a leader in each of its core practice areas and in each of its geographic markets. S&C comprises approximately 800 lawyers who serve clients around the world through a network of 12 offices, located in leading financial centers in Asia, Australia, Europe and the United States. The Firm is headquartered in New York. Knowledge@Wharton Knowledge@Wharton ( is the online business analysis journal of the Wharton School of the University of Pennsylvania. The site, which is free, captures relevant knowledge generated at Wharton and beyond by offering articles and videos based on research, conferences, speakers, books and interviews with faculty and other experts on current business topics. The Knowledge@Wharton network including Chinese, Spanish, Portuguese, Indian, Arabic, Israeli and High School editions has more than three million users worldwide. For more information, please visit knowledge.wharton.upenn.edu 34 35

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