2017 Cybersecurity Conference 
Opportunity for New England financial institution CEOs and board of directors
Alex Cronin/Federal Reserve Bank of Boston
(registration opens at 9:30 a.m.)
Connolly Center
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.
Agenda
Please note: Agenda, speakers, and topics are subject to change.
Registration
Outside Connolly Center
Opening Remarks
Connolly Center
First Vice President and COO
Federal Reserve Bank of Boston
Download Presentation (pdf) The Benefits of Threat Sharing, a Case Study
Connolly Center
Information Security Officer
Federal Reserve Bank of Boston
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.
Download Presentation (pdf)
Protecting data, reputation, and wealth: A Human Intelligence model for cyberspace defense
Connolly Center
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.
Business Email Compromise in New England
Connolly Center
Detective
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.
Lunch
Connolly Center Foyer
International Perspective: Cybersecurity for the Nigerian Financial Services Industry
Connolly Center
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.
Download Presentation (pdf)
Supervising Cybersecurity: Regulator Perspective
Connolly Center
Moderator:
Federal Reserve Bank of Boston
Panelists:
Massachusetts Division of Banks
Office of the Comptroller of the Currency
Federal Deposit Insurance Corporation
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.
Networking Break
Update from the Federal Reserve: Faster and Secure Payments Task Forces
Connolly Center
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.
Download Presentation (pdf)
Closing Remarks
Connolly Center
Senior Vice President and CIO
Federal Reserve Bank of Boston