Paul Sand serves as the Vice President and Technology Risk Officer, at the FHLBank Chicago. He is
responsible for oversight of the bank’s technology risk including information security risk, physical
security and personnel safety. He is the former chair and now voting member of the Bank’s Technology
Risk Subcommittee and a voting member of the Bank’s Operational Risk Oversight Committee. FHBLC is
a $120 billion wholesale bank that provides liquidity to retail financial institutions involved in home
mortgage-based lending.
Paul is an inventor on 21 US Patents spanning the disciplines of cyber security,
physical security, public safety, voice communications, and data communications. He has contributed to
standards developed by the National Institute of Standards and Technology (NIST) on cloud computing
security, co-authored the Financial Management of Cyber Risk published by the American National
Standards Institute (ANSI) and the Internet Security Alliance, and published “Managing Rapidly Changing
Cyber Risks” in the October 2018 issue of Intelligent Risk. He is an advisory board member for the US
Secret Service’s Cyber Fraud Task Force (CFTF), has served as a national vice president and board
member for the Federal Bureau of Investigation’s InfraGard program, and is a member of the National
Association of Corporate Directors (NACD).
Prior to working at FHLBank Chicago he has worked at Bell Laboratories (Distinguished Member of Technical Staff), Lucent Technologies (Director of Product Management), mVerify (Vice President) and Salare Security (President and CEO.) He holds a Master’s of Science degree in Computer Science from the McCormick School of Engineering at Northwestern University and a Bachelor of Arts degree in Business Administration, History and Political Science, and Computer Science from the University of Jamestown.