News and Events

David K.A. Mordecai, President of Risk Economics, was Invited to Speak on a Panel of Experts on Opportunities and Challenges in Cybertech

David K.A. Mordecai, President of Risk Economics, Inc.,  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.

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, President, Risk Economics, Senior Advisor, Compass Lexecon, and Principal Scientist/Lead Investigator RiskEcon® Lab NYU 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. Please click the link below to view Dr. Mordecai’s presentation:

Cyborg Commerce Corporate Risk Governance and Liability On The Wild Frontier

David K.A. Mordecai is President of Risk Economics, Inc., an advisory firm that applies rigorous analytics to large-scale real world geopolitical and socioeconomic issues relating to demographics and macroeconomics. The firm’s expertise includes domains within finance, regulation, political risk, commerce and consumer behavior, labor, housing, immigration, global population, resource allocation environment, health and aging.

As lead for the Risk Economics litigation and arbitration advisory practice, David serves as an expert on loss causation and economic damages related to market structure, financial institutions governance, and complex issues related to finance, economics and market standards and practices within securities, derivatives, reinsurance, and commodities markets, as well as market structure within a broad range of non-financial industry sectors. His expertise includes financial engineering, the valuation of fixed income securities and structured products, including over-the-counter derivatives (in particular fixed income and credit derivatives), complex insurance and reinsurance liabilities, as well as asset liability and risk management models and practices. Having testified extensively at deposition, trial, arbitration and international arbitration, he has been admitted as an expert in federal, state and county courts, and cited favorably in court decisions.

The event was held on October 1st, 2013 at Weil, Gotshall & Manges, New York.

October 2nd 2013, New York, NY

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