Cyber Security
Finance & Banking Summit

Cybersecurity is no longer merely a bits-and-bytes discipline. It’s a board-level agenda item. A company-wide imperative. While technical skills are table stakes, today’s security leaders need to increase their emphasis on communication and collaboration. Equifax CISO Jamil Farshchi will share tried-and-true methods for partnership-driven conversations on cyber risk that are transparent, measurable, and easily comprehensible. Fortune 500 CISO and World Economic Forum contributor Ahmad Douglas will moderate.

As we get into 2023, Security teams continue to be faced with critical questions: what is the current state of the threat landscape? What are the latest malicious TTP’s and how can we prepare to defend against them?This year’s IBM Security X-Force Threat Intelligence Index (TII) Report presents an uncomfortable truth: cyberattacks are more prevalent, creative and faster than ever. 94% faster to be exact, as threat actors exponentially increase the time it takes to deploy ransomware from months to less than 4 days. The ransomware economy continues to add pressure with deployment of backdoors and ransomware attacks listed as the top 2 actions on objective from hackers, and attacks using extortion saw a sharp increase to more than a quarter of incidents observed.Join IBM Security to hear the latest insights from the newly released 2023 TII Report, surfacing findings from thousands of real-life incident response engagements, top attack types and pathways to compromise, and recommendations to implement to strengthen your security posture. Discuss concrete actions that CISOs can take with their teams to proactively address the threats shown and shift from reactive to proactive threat management.

Join Cisco Advisory CISO Wolfgang Goerlich for a practical discussion on the promises and the realities of zero trust architecture for the enterprise. Past the buzzwords and lofty promises, can zero-trust strategies help build better defenses where the rubber hits the road? In this talk, you’ll learn which types of organizations are most likely to have adopted zero-trust initiatives, how they are handling their legacy systems and assets, and what accelerates

Ransomware attacks on FinTech and the need for Cyber Insurance has rapidly grown in recent years. The reason? Ransomware exploits the best vulnerability there is: human error.

According to the 2022 ENISA Threat Landscape report, ransomware attacks were the highest they’ve ever been, with phising as the leading vector of initial access. Another report found that 55% of financial institutions were hit by ransomware within the last year, a 62% increase. 

Today we will discuss prevention, but ending there is not enough. Companies increasingly need protection after they get hacked, both technologically and financially. Because of this, cyber insurance policies that cover ransomware have become a must-have for most businesses. 

But what does this involve and why does it matter? 

Cloud systems store vast amounts of sensitive business data and are another massive security liability. Unfamiliarity with best practices & the cloud shared security model can make these environments even more vulnerable to attack. 

Interestingly, protecting these systems isn’t exactly up to the financial organizations, but rather, their service providers. While threat actors are still mainly targeting cloud infrastructure for new exploits, an emerging tactic is to target the service provider itself. Exploiting the relationship between these organizations serves only to expand the impact of their attack. 

What steps should financial institutions take to ensure they have found a reliable partner to protect themselves and their customers? 

AI and machine learning have been brought to the fore with publicly available services such as Chat GPT. The accuracy, effectiveness, and use cases in real world applications is in its infancy. However, the use of AI within cybersecurity has been evolving over more than a decade of production deployment. Automation is also being used by cybercriminals and this talk will cover some of the ways in which automation is being used in cybersecurity to:

• Amplify your existing team’s output
• Remove low-value repetitive tasks, allowing teams to focus on higher value initiatives
• Improves threat detection and enhances response times
• Reduce attackers dwell time, if used correctly
• Analyze large amounts of data quickly and reduce false positives
• Get ahead of rapidly evolving and zero-day threats

A company’s success lies on a fine line between the convenience and flexibility expected by their digital customers & the ability to protect them within the financial service sectors risk adverse ecosystem. 

How does one innovate and evolve while the necessity to protect critical assets and data seems to always take the spotlight? 

Today we will discuss the challenges and approaches available that can help prioritize consumer experience without sacrificing the need to protect sensitive financial data.