New
York City, NY, USA (September 16, 2015) -- Amid the massive Sony
Pictures hacking crisis by the end of 2014, Russia offered support to
North Korea in a sign that proved relations between the two nations
were growing tighter. According to the Russians, the United States
failed to offer any form of proof to back its claims against North
Korea in the Sony Pictures hacking scandal.
What
was China's take on the situation? "Any civilized world will
oppose hacker attacks or terror threats," said China in a Global
Times editorial. "But a movie like The Interview, which makes
fun of the leader of an enemy of the U.S., is nothing to be proud of
for Hollywood and U.S. society. Americans always believe they can jab
at other countries' leaders just because they are free to criticize
or make fun of their own state leaders. Actually, the countries
targeted in Hollywood movies are very selective, such as the Cold War
era's Soviet Union, North Korea and Iran."
Mr.
Edgar Perez, a published author, business consultant for private
equity and hedge funds and Council Member at the Gerson Lehrman
Group, is set to discuss at Cybersecurity Boardroom Workshop 2015
what these four super cyber powers, China, Russia, United States and
North Korea, have in common. Mr. Perez is a subject matter expert in
cybersecurity, investing, trading, financial regulation (Dodd-Frank
Act) and market structure.
Mr.
Perez has presented at a number of global conferences, including
Cyber Security World Conference 2014 (New York), MIT Sloan Investment
Management Conference (Cambridge), Inside Market Data 2013 (Chicago),
Institutional Investor's Global Growth Markets Forum (London),
Technical Analysis Society (Singapore), TradeTech Asia (Singapore),
Emerging Markets Investments Summit 2013 (Warsaw), CME Group's Global
Financial Leadership Conference 2012 (Naples Beach, FL), Harvard
Business School's Venture Capital & Private Equity Conference
(Boston0 High-Frequency Trading Leaders Forum (New York, Chicago),
FIXGlobal Face2Face (Seoul) and Private Equity Convention Russia, CIS
& Eurasia (London).
Additionally,
Mr. Perez has been engaged to present to the Council on Foreign
Relations, Vadym Hetman Kyiv National Economic University (Kiev),
U.S. Securities and Exchange Commission (Washington DC), Quant
Investment & HFT Summit APAC 2012 (Shanghai), CFA Singapore, Hong
Kong Securities Institute, Courant Institute of Mathematical Sciences
at New York University, University of International Business and
Economics (Beijing), Hult International Business School (Shanghai)
and Pace University (New York), among other public and private
institutions. Mr. Perez's participation at these forums has been
praised by both organizers and attendees:
"It
was such a pleasure to have you participate in our conference. The
feedback was great and the information you shared with the audience
was invaluable. Once again, thank you for your contribution in making
the event a success."
"I
would like to show my appreciation on your willingness to share your
insights about cybersecurity. We would certainly have you in mind as
we move forward to deal with this very important issue."
ABOUT
CYBERSECURITY BOARDROOM WORKSHOP 2015
As
cyber attacks become more common, companies are increasingly
investing in cyber security protections. But even with the best
systems in place, hackers can still easily break into a company's
network if workers aren't also being diligent about security. Cyber
criminals have gotten much better at disguising malicious email to
make it look more legitimate. So employees need to be vigilant and
ask questions about all of the email they receive that raises even
the slightest suspicion, which is most likely not what happened at
some of the high-profile cyber security breaches that have been in
the headlines recently: Adobe, ADP, E*Trade, Fidelity, Home Depot,
JPMorgan Chase, Nasdaq, Neiman Marcus, Sony, Target and Wal-mart.
Cybersecurity
Boardroom Workshop 2015
(http://www.cybersecurityboardroomworkshop.com),
How Boards of Directors and CXOs Can Build the Proper Foundation to
Address Today's Information Security Challenges, is a must-attend
forum for board members, CEOs, CFOs, COOs and executive managers in
New York City, London, Dubai, Bangkok, Jakarta, Sydney, Taipei, Seoul
and Tokyo who need to become more educated about cyber security in
order to ask questions that are strategic yet granular enough to
address company specifics. Cybersecurity Boardroom Workshop 2015 is
targeted at corporate decision-makers for whom cybersecurity
readiness is a relatively new yet critically important area to be
intelligently conversant about:
• Understand
enterprise cybersecurity and the impact on shareholder value in the
short and long term
• Learn
how to identify current and future challenges to better enable
management to focus on threat reduction and operational reliability
• Identify
immediate security needs for the organization with actionable steps
for senior management
• Get
up to speed on international and domestic approaches and frameworks
for effective cybersecurity practices corporate wide
DAY
1: UNDERSTANDING THE CYBER WORLD
Understanding
Cybersecurity
• The
trillion dollar global cyber risk environment
• The
impact of cybersecurity attacks on shareholder value
• The
enterprise-wide challenge of protecting the organization's assets
• Identity
theft and the legal implications of data breaches
Social
Engineering: The "Weakest Human Link" in Cybersecurity
• The
responsibility for cybersecurity in the organization
• Evaluating
shortcomings in meeting cybersecurity workforce standards
• Assessing
the quality of the cybersecurity workforce
• Assessing
the effectiveness of current professionalization tools
Understanding
the Cybersecurity Testing Method
• Reconnaissance:
How to use tools to find vulnerable systems and devices
• Port
scanning: How port information is exposed on computer systems
• Packet
sniffing: How to gather information from computer systems
• Password
policy and cracking: What to consider when developing password policy
• Vulnerability:
How to reduce attacks by enforcing proactive compliance policies
Basics
of Security Architecture for Board Members and CXOs
• How
architecture defines the structure of a system and makes it explicit
• How
the current computer network infrastructure was not designed
originally to be secure
• The
fundamentals of layered architecture: presentation, business, data,
and service layers
• Embedding
architecting security into systems from inception
DAY
2: RESPONDING TO THE CYBERSECURITY CHALLENGE
Introduction
to NIST's Cybersecurity Framework
• Identifying
and prioritizing opportunities for improvement
• Assessing
and accelerating progress toward the target state
• Describing
the enterprise's current and target cybersecurity posture
• Communicating
with internal and external stakeholders about cybersecurity risk
The
Five Core Functions of NIST's Cybersecurity Framework
• Identify:
Organizational understanding to manage cybersecurity risk
• Detect:
How to identify the occurrence of a cybersecurity event
• Protect:
Safeguards to ensure delivery of critical infrastructure services
• Respond:
Taking action regarding a detected cybersecurity event
• Recover:
Maintaining plans for resilience and to restore any impaired
capabilities
Introduction
to Intelligence-driven Cyber Network Defenses
• How
investigations are based upon the scientific method: observing,
hypothesis, evaluation, prediction and validation
• How
to continuously improve the enterprise process for defending IT
assets
• How
to leverage cutting edge technology, vigilant people and innovative
processes
• How
to empower people to resolve the problem with guidance and mentoring
Establishing
or Improving a Cybersecurity Program
• Prioritize
and scope: Identifying business/mission objectives and high-level
priorities
• Create
a current profile: Developing a profile by indicating current degree
of preparedness
• Conduct
a risk assessment: Analyzing the operational environment in order to
discern the likelihood of an attack
• Orient:
Identifying related systems and assets, regulatory requirements, and
risk approach
• Create
a target profile: Describing the organization's desired cybersecurity
outcomes
• Determine,
analyze, and prioritize gaps: Determining gaps between current and
target profiles
• Implement
action plan: Deciding which actions to take in regards to identified
gaps
Cybersecurity
Boardroom Workshop 2015 is specifically designed for boards of
directors and CEOs of public and private firms looking for new ways
to gain and maintain their competitive advantages. Business
executives with responsibility for IT, finance, compliance, risk
management and procurement as well as entrepreneurs and innovators
are welcome to add their points of view to the debate.
ABOUT
KNIGHTMARE ON WALL STREET
Knightmare
on Wall Street, The Rise and Fall of Knight Capital and the Biggest
Risk for Financial Markets is a thrilling minute-by-minute account of
the terrifying hours following Knight Capital's August 1, 2012
trading debacle, with news-breaking research regarding the firm's 17
years of tumultuous existence as an independent company. Knightmare
on Wall Street is the definitive behind-the-scenes story of Knight
Capital.
The
firm, founded by Kenneth Pasternak and Walter Raquet in 1995, had
seen its fortunes change as U.S. regulators made a series of changes
in the structure of financial markets and computers were
progressively expanding their share of trading. The Flash Crash, the
infamous 1,000 point drop of the DJIA on May 6, 2010 (the largest
one-day point decline in history), illustrated how market structure
problems could almost instantaneously cascade from one market
participant to the rest.
Thomas
Joyce, CEO of Knight Capital since 2002 and an unapologetic advocate
of electronic trading, had been scornful of those companies that
struggled to keep up with ever-changing stock markets. So it was
certainly shocking that at 9:30 A.M. on August 1, 2012, right after
the markets opened for the day, Knight Capital began issuing an
unprecedented number of erroneous orders into the market, due to an
error in installing new software. No rogue trader or regulatory
change; operational risk was passing the bill to Knight Capital and
becoming the biggest risk in the financial markets.
Knight
Capital announced later a staggering loss of $440 million. What
followed after this shocking announcement were several rounds of
desperate conversations with a number of vulture players who had
smelled opportunity and were readying themselves to pick up
bargain-priced pieces. On August 6, 2012, Joyce confirmed that Knight
Capital had struck a deal with Jefferies, TD Ameritrade, Blackstone,
GETCO, Stephens, and Stifel Financial, staving off collapse days
after the trading mishap.
While
Knight Capital was back in the game, its limping recovery quickly
prompted hungry competitors to bid for the entire company. On
December 19, 2012, the board decided to accept an acquisition
proposal from GETCO rather than Virtu Financial. For GETCO, acquiring
Knight Capital represented a gigantic fast forward step. For Knight
Capital, it was the end of its wild ride as an independent entity.
Knightmare
on Wall Street provides a fascinating account of what it took to
elevate the firm to the cusp of the retail investing revolution of
the late 1990s, to struggle through booms and busts, and to bring the
firm down, to end up ultimately being ignominiously bought up by a
competitor.
ABOUT
THE SPEED TRADERS
High-frequency
traders have been called many things-from masters of the universe and
market pioneers to exploiters, computer geeks, and even predators.
Everyone in the business of investing has an opinion of speed
traders, but how many really understand how they operate? The shadow
people of the investing world, today's high-frequency traders have
decidedly kept a low profile-until now. In this new title, The Speed
Traders, Mr. Perez opens the door to the secretive world of
high-frequency trading (HFT). Inside, prominent figures of HFT drop
their guard and speak with unprecedented candidness about their
trade.
Mr.
Perez begins with an overview of computerized trading, which formally
began on February 8, 1971, when NASDAQ launched the world's first
electronic market with 2,500 over-the-counter stocks and which has
evolved into the present-day practice of making multiple trades in a
matter of microseconds. He then picks the brains of today's top
players. Manoj Narang (Tradeworx), John Netto (M3 Capital), and Aaron
Lebovitz (Infinium Capital Management) are just a few of the
luminaries who decided to break their silence and speak openly to Mr.
Perez. Virtually all of the expertise available from the world of
speed trading is packed into these pages.
The
Speed Traders, published by McGraw-Hill Inc., is the most
comprehensive, revealing work available on the most important
development in trading in generations. High-frequency trading will no
doubt play an ever larger role as computer technology advances and
the global exchanges embrace fast electronic access. The Speed
Traders explains everything there is to know about how today's
high-frequency traders make millions-one cent at a time.
ABOUT
EDGAR PEREZ
Mr.
Perez is the author of Knightmare on Wall Street, The Rise and Fall
of Knight Capital and the Biggest Risk for Financial Markets (2013),
and The Speed Traders, An Insider's Look at the New High-Frequency
Trading Phenomenon That is Transforming the Investing World,
published in English by McGraw-Hill Inc. (2011), Published in
Mandarin by China Financial Publishing House (2012), and Investasi
Super Kilat, published in Bahasa Indonesia by Kompas Gramedia (2012).
Mr.
Perez has been interviewed on CNN's Quest Means Business, CNBC's
Squawk on the Street, Worldwide Exchange, Cash Flow and Squawk Box,
FOX BUSINESS's Countdown to the Closing Bell and After the Bell,
Bloomberg TV's Market Makers, CNN en Español's Dinero, Sina Finance,
BNN's Business Day, CCTV China, News.Sina.com, ifeng.com,
Finance.Sina.com, The Korea Times, The Korea Herald, The Star, The
Malaysian Insider, BMF 89.9, iMoney Hong Kong, CNBC, Bloomberg Hedge
Fund Brief, Bankier.pl, TheStreet.com, Leaderonomics, GPW Media,
Channel NewsAsia's Business Tonight and Cents & Sensibilities. In
addition, Mr. Perez has been featured on Sohu, The Wall Street
Journal, Yicai, eastmoney, Caijing, ETF88.com, 360doc, AH Radio,
CNFOL.com, CITICS Futures, Tongxin Securities, ZhiCheng.com,
CBNweek.com, Caixin, Futures Daily, Xinhua, CBN Newswire, Chinese
Financial News, The New York Times, Dallas Morning News, Valor
Econômico, FIXGlobal Trading, TODAY Online, Oriental Daily News and
Business Times.
Mr.
Perez was a vice president at Citigroup, a senior consultant at IBM,
and a strategy consultant at McKinsey & Co. in New York City.
Previously, he managed Operations and Technology for Peruval Finance.
Mr. Perez has an undergraduate degree in Systems Engineering from
Universidad Nacional de Ingeniería, Lima, Peru (1994), a Master of
Administration from Universidad ESAN, Lima, Peru (1997) and a Master
of Business Administration from Columbia Business School, New York,
with a dual major in Finance and Management (2002). He belongs to the
Beta Gamma Sigma honor society. Mr. Perez resides in the New York
City area with his wife Olga, son Edgar Felipe and daughter Svetlana
Sofia.
Media
Contact:
Julia
Petrova
Media
Relations Coordinator
The
Speed Traders
+1-414-FORUMS0
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