2017 Cybersecurity Conference 2017 Cybersecurity Conference

Opportunity for New England financial institution CEOs and board of directors Opportunity for New England financial institution CEOs and board of directors

May 1, 2017
10:00 a.m. - 4:00 p.m.
(registration opens at 9:30 a.m.)
Federal Reserve Bank of Boston
Connolly Center
600 Atlantic Avenue
Boston, MA 02210
directions & visitor information


Federal Reserve Bank of Boston Cybersecurity Conference 2017 is an opportunity for CEOs and board of director members from New England financial institutions to connect with peers, learn about cybersecurity challenges facing the banking industry and consider opportunities for enabling future innovation.

By establishing a strong foundation in the cybersecurity issues examined, banking industry leaders will be better placed to help drive favorable business outcomes in 2017 and beyond.


Please note: Agenda, speakers, and topics are subject to change.

9:30 a.m. – 10:00 a.m.


Outside Connolly Center

10:00 a.m. – 10:15 a.m.

Opening Remarks

Connolly Center

Kenneth Montgomery

First Vice President and COO

Federal Reserve Bank of Boston

Download Download Presentation (pdf)
10:15 a.m. – 10:30 a.m.

The Benefits of Threat Sharing, a Case Study

Connolly Center

Michael Rodehorst

Information Security Officer

Federal Reserve Bank of Boston

Jasvinder Khera

Lead Security Systems Engineer

Federal Reserve Bank of Boston

Against a backdrop of increasingly frequent and audacious data breaches, implementing a cohesive information security strategy continues to become both more costly and complex. In making strategic decisions on how best to secure your organization's most important assets, a little context from your peers can go a long way... The Federal Reserve Bank of Boston's cyber threat sharing group was established in 2014 to help small to mid-sized financial institutions in New England, help each other. During this talk, Michael Rodehorst and Jasvinder Khera will discuss what the Boston Fed has learned while its group has been running.

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10:30 a.m. – 11:15 a.m.

Protecting data, reputation, and wealth: A Human Intelligence model for cyberspace defense

Connolly Center

Daniel Hoffman

Former Intelligence Officer

Cybersecurity is the number one international threat, with a $445 billion cost to the global economy each year. Businesses and financial institutions cannot treat the risk of cyber-attacks as just an information technology challenge. Daniel Hoffman, former intelligence officer will discuss how companies must now build a dynamic arsenal to detect, monitor, share, and respond to vulnerabilities and malicious risk.

11:15 a.m. – 11:45 a.m.

Business Email Compromise in New England

Connolly Center

Steven Blair


Boston Police Department

Business Emails Scams
Learn how local Law Enforcement is handling cases of business email compromise, what some of the issues specific to the banking industry are and how the scam is affecting the small business community in New England.

Re-encoded Credit Cards
Steven will explain why the new Chip and Signature cards are providing a false sense of security, discuss who is using re-encoded credit cards, where they are being used and how malicious actors are getting the card information.

11:45 a.m. – 12:45 p.m.


Connolly Center Foyer

12:45 p.m. – 1:15 p.m.

International Perspective: Cybersecurity for the Nigerian Financial Services Industry

Connolly Center

John Ayoh

Director, Information Technology

Central Bank of Nigeria

With a median age of 18.2 years, Nigeria has one of the youngest populations in the world. According to Microsoft Corporation, the country is projected to have the sixth largest number of internet users in the world by 2020. Over the past five years, the country has witnessed a marked shift towards electronic channels for financial services. The combination of youth, technology access and higher-than-average unemployment rate places cybersecurity and related issues on the national agenda. This presentation highlights the efforts of the Central Bank of Nigeria and other stakeholders in managing cyber risks in technology and policy terms.

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1:15 p.m. – 2:30 p.m.

Supervising Cybersecurity: Regulator Perspective

Connolly Center


Rob Burnham

Federal Reserve Bank of Boston


Holly Chase

Massachusetts Division of Banks

Peter Chiola

Office of the Comptroller of the Currency

Michael Flynn

Federal Deposit Insurance Corporation

Roger Pittman

Federal Reserve Bank of Atlanta

Organizations are increasingly dependent on information technology to deliver services to their customers and other businesses. Financial institutions and their critical third-party service providers need to identify, assess, and mitigate the risk this introduces, in light of the increasing volume and sophistication of cyber threats. FFIEC agencies have provided information and guidance to increase awareness of cybersecurity issues, and appropriately address the risks facing their institutions.

In this session, our panel will discuss the "regulators perspective" on the evolving world of information technology and cybersecurity examinations.

2:30 p.m. – 2:45 p.m.

Networking Break

2:45 p.m. – 3:45 p.m.

Update from the Federal Reserve: Faster and Secure Payments Task Forces

Connolly Center

Todd Aadland

Senior Vice President, Payment Security Strategy Leader

Federal Reserve Bank of Chicago

As the U.S. continues to work toward implementing safe, ubiquitous, faster payments, it is important to also recognize the security challenges posed by faster payments capabilities.

Because of these unique challenges, the Federal Reserve's Secure Payments Task Force is playing a key role in convening and collaborating with the industry to identify and address potential implications of faster payments. Areas of focus for the group include helping to develop security standards, payment identity management, data protection, and increasing risk information-sharing amongst system stakeholders. Todd Aadland, who chairs the Secure Payment Task Force, will guide a discussion that outlines current task force work efforts and next steps.

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3:45 p.m. – 4:00 p.m.

Closing Remarks

Connolly Center

Don Anderson

Senior Vice President and CIO

Federal Reserve Bank of Boston