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Global Risk Regulator: "Community banks challenge FASB to make accounting reform scalable"

02/22/2016

Global Risk Regulator: "Community banks challenge FASB to make accounting reform scalable"

. . . Both the FASB and IASB have projects nearing completion under which insurance liabilities will have to be carried at more current valuations.

“Both initiatives will require firms to discount and update interest rate and cash flow estimates on the liabilities-side regularly,” says former FASB chairman, Leslie Seidman, now executive director at the Center for Excellence in Financial Reporting at Pace University’s Lubin School of Business.

“This could cause further earnings volatility, but it could also mitigate the fact that changes in equity securities will now be recognized in profit and loss. But there’s no reason to believe the two will be correlated.”

Read more: http://newsletter.ft.com/wp-content/uploads/2016/02/GRR-February-2016-lo...

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Westchester County Business Journal: "Lawyer and public servant finds Pace post most rewarding"

02/22/2016

Westchester County Business Journal: "Lawyer and public servant finds Pace post most rewarding"

When others his age were exploring retirement, Stephen J. Friedman took on a new — and unexpected — challenge.

“I spent most of my career as a lawyer and in government,” he said. “I was a partner in a large firm.”

He paused. “Then I became a born-again academic,” he said with a laugh.

At age 66, Friedman became the dean of Pace University School of Law in White Plains in what would mark the start of a whole new career path.

“It was interesting because I didn’t really think of myself as ‘an education person,’” he said, though he had worked with legal-education entities and taught as an adjunct professor at Columbia Law School for about 10 years. Still, “I thought this is an area where I thought I could make a contribution,” though he hadn’t been looking for a new career.

“I loved that job,” he said of his time as dean. He smiled and added, “I thought it was my last job.”

Not quite, as he would find out three years later.

“I basically became president overnight in the summer of 2007 and then I found myself on an even steeper learning curve.”

Read more: http://westfaironline.com/77657/lawyer-and-public-servant-finds-pace-post-most-rewarding/

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Guardian: "Apple's encryption battle with the FBI has implications well past the iPhone"

02/22/2016

Guardian: "Apple's encryption battle with the FBI has implications well past the iPhone"

. . . Apple’s position on encryption has hardened since it was revealed by the Guardian that the company was among the tech firms compromised by the NSA itself. After the Guardian first revealed the extent of the tech industry’s collusion with the NSA’s spying program, Apple changed tack. Once the company could access all its devices remotely. Now it was introducing ever tougher encryption with the aim of ultimately making it impossible for even Apple to crack your iPhone.

“Really, the government is asking Apple to revert back to the model it had before,” said Darren Hayes, director of cybersecurity at Pace University’s Seidenberg School of computer science and information systems.

Read more: http://www.theguardian.com/technology/2016/feb/19/apple-fbi-privacy-encryption-fight-san-bernardino-shooting-syed-farook-iphone

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Guardian: "Why must Apple help the FBI? Because law enforcement is not surveillance"

02/19/2016

Guardian: "Why must Apple help the FBI? Because law enforcement is not surveillance"

The FBI has been roundly criticized for using a law from 1789, the All Writs Act, to gain access to the data stored on one of the phones of the San Bernardino shooters, writes Darren Hayes, Assistant Professor and Director of Cybersecurity at Pace University’s Seidenberg School of Computer Science and Information Systems. But critics ignore what the move indicates: that there has been little or no productive dialogue between the government and Apple in terms of cooperation.

Read more: http://www.theguardian.com/commentisfree/2016/feb/19/why-must-apple-help-the-fbi-law-enforcement-not-surveillance

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Washington Times: "Apple hack order potential tipping point in privacy vs. security battle"

02/19/2016

Washington Times: "Apple hack order potential tipping point in privacy vs. security battle"

. . . This is the first time a judge has issued a court order that would force a company to break its own encryption, said cybersecurity expert and Pace University professor Darren Hayes.

“Apple doesn’t want to have dialogue with law enforcement,” Mr. Hayes said. “The FBI felt they had no other alternative.”

Read more: http://www.washingtontimes.com/news/2016/feb/17/apple-hack-order-potential-tipping-point-privacy-v/

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CNBC: "The 'esoteric' law being used to fight Apple"

02/19/2016

CNBC: "The 'esoteric' law being used to fight Apple"

. . . "Companies do not want to be seen as facilitating investigations since it is not good PR for them," said Darren Hayes, assistant professor and cybersecurity director at Pace University's Seidenberg School of Computer Science and Information Systems. "There has been a tremendous shift away from support for law enforcement of these companies."

Hayes speculated that since companies like Google and Apple have not recently been particularly helpful to law enforcement, the government decided to take a different route to obtain the information it wants.

"The tide of public opinion may be with the companies now, but unfortunately, if we start to see more ISIS terrorist attacks where iPhone evidence is really critical, people may be more in favor of investigations and possibly see that the government has a point."

Read more: http://www.cnbc.com/2016/02/17/the-esoteric-law-being-used-to-fight-appl...

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Agence France-Presse: "FBI-Apple standoff puts encryption on front burner"

02/19/2016

Agence France-Presse: "FBI-Apple standoff puts encryption on front burner"

. . . Darren Hayes, a Pace University professor of computer forensics, argued that Apple and other tech companies may have gone too far by using encryption that, in theory, makes it impossible for the firms to hand over evidence even if served with a legal warrant.

"I think that the public, once they become more educated about what is happening, might change their stance about Apple," said Hayes, who has worked as a consultant to law enforcement.

"This case is sensitive for the US public and I don't think it's particularly good public relations for Apple" to refuse to help the investigation, Hayes added.

Read more: http://www.dailymail.co.uk/wires/afp/article-3451490/FBI-Apple-case-forces-encryption-debate-courts.html

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WRNN-TV: "Judge Orders Apple To Unlock iPhone Encryption"

02/18/2016

WRNN-TV: "Judge Orders Apple To Unlock iPhone Encryption"

Darren Hayes, Assistant Professor and Director of Cybersecurity at Pace University’s Seidenberg School of Computer Science and Information Systems in New York, was a guest on “Richard French Live” to discuss the privacy fight going public in the battle between the Obama administration and Apple, in a dispute with far-reaching legal implications.

See the video: https://www.youtube.com/watch?v=WvfyQTTb3uk

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SiliconBeat: "Apple’s Tim Cook doubles down, won’t comply with order to help FBI hack into iPhone"

02/18/2016

SiliconBeat: "Apple’s Tim Cook doubles down, won’t comply with order to help FBI hack into iPhone"

. . . Apple is “risking a lot given the sensitivity of the San Bernardino case,” said Darren R. Hayes, assistant professor and director of cybersecurity at Seidenberg School of CSIS at Pace University in New York. “It risks the tide of public opinion swaying.”

In a phone interview with SiliconBeat, Hayes said Apple’s stand might also push Congress to “change legislation to push companies to develop technologies to facilitate” law enforcement investigations.

Hayes also said he found it interesting that Apple is making this strong stand now considering “what law enforcement has been asking for is for the company to revert back to key management” — in other words, to go back to the time a couple of years ago when Apple could comply with such requests to unlock phones.

Read more: http://www.siliconbeat.com/2016/02/17/apples-tim-cook-doubles-down-wont-comply-with-order-to-help-fbi-hack-into-iphone/

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Forbes: "How To Find A Second Act With Purpose"

02/17/2016

Forbes: "How To Find A Second Act With Purpose"

. . . Encore.org is working to increase learning opportunities through its EncoreU and a limited number of fellowship programs outside the classroom. Pace University in New York offers an Encore Transition Program, aimed at helping executives and professionals explore swops from midlife careers to nonprofit and public service organizations. (Pace’s program, like the one at the University of Connecticut, has no ties to Encore.org.)

Read more: http://www.forbes.com/sites/kerryhannon/2016/02/16/how-to-find-a-second-act-with-purpose/#710aaacf5d37

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