Cybersecurity in the digital age

Digital ecosystem from prevention to protection

Currently the digital ecosystem is driving and controlling the next generation security, in which it became perfectly clear that balancing risks, flexibility and reliability of the currently available security systems is a vital need to maintain a stable reliable financial institution, bearing in mind the cost factor, which is an essential player in reaching this balance

Moreover, the cyber-attacks in the past used to focus on financial gains only, but recently the hacking society has evolved to include political, social and military victims and neglecting all the known boundaries. Cyber criminals are anticipated to depend more on ransomware as means of their attacks, which in turn urges the need of not only having a reliable secure system, but being capable of adapting an agile strategy focusing on detection, response and correction.

It can be eye opening and frightening to see how quickly devices that we rely on daily with our most sensitive information can be breached. It is also discerning how even large companies, such as Equifax, became victims of hackers and what that means for the customers and the company. We will hear the lessons learned from large companies that have been breached and will evaluate the effectiveness of the applied crises management strategies. We will also look at international criminal schemes that aim to harm the financial industry and hear from the regulators on the increased need for data privacy. This is a very hands-on conference track where delegates witness and interact directly with industry practitioners; and through leaders, learn practical insights that can be applied in your own institutional environment.

Cybersecurity in the digital age - Thursday 24th May 2018

08:00

Registration and morning networking

08:30

Welcome and opening keynotes

10:30

Network coffee break

11:00

Regulatory framework – The need to improve data privacy and security regulations
Today’s global marketplace demands that financial institutions collect personally identifiable information (PII) from both customers and employees to conduct business. At the same time, many financial organisations are expanding their international operations and engaging vendors and other third-party service providers beyond the borders of their home country. Amid constantly changing privacy-related requirements, the challenge of protecting the personal information of customers and employees has grown exponentially in recent years. In this session we will discuss:

  • Cyber security landscape towards 2020: Will it be more hostile?
  • What are the steps regulators and financial institutions consider in enhancing industry resilience, integrity and stability? 
  • Brainstorming: Risk/challenges, latest global threats- How to deal with them?
  • Cyber security best practices by applying add-ons to the current systems
  • How can financial institutions effectively protect the information entrusted to them by customer and employees?

11:45

Live hacking demonstrations of mobile phones, computers and networks
In an age where our existence has become so seamlessly integrated with technology, the question still stands as to who and where ownership lies with data of humankind. What happens when the companies processing and storing PII fail to adequately protect customer data, with systems not up to the task, leaving data to fall in the hands of criminals? In this session, we will have a live demonstration from an ethical hacker, to show the reality about cybersecurity and how it takes only ten seconds to hack your device.

Live demonstration includes:

  • Mobile phone hack (Android smart phone)
  • WhatsApp hack
  • Hacking into your computer system

12:30

Equifax and other data breach incidents and how they were addressed
High-profile data breaches have dominated 2017, the list of companies involved is seemingly endless and continuing to grow. Equifax was one of the major companies who had hackers enter the system and access over 143 million American consumers’ sensitive personal information. Upon learning of this incident, Equifax took steps to stop the intrusion, and hired an independent cybersecurity firm to forensically investigate and determine the scope. Equifax also engaged the cybersecurity firm to conduct an assessment and provide recommendations on steps that can be taken to help prevent this type of incident from happening again. During this session, we will discuss:

  • What can financial institutions learn from all of the breaches around the world?
  • Is your institution prepared for these attacks?
  • What will be a perfect strategy to combat these criminals?

13:00

Networking lunch

14:30

Evaluating the potential of artificial intelligence and machine learning on data security
While cognitive advances are clearly being made in numerous industries, information security remains a complex challenge. As companies promote artificial intelligence (AI) and advanced machine learning in cybersecurity, financial institutions need to ask some tough questions to get past the hype:

  • Are these technologies bolted on to get investments as well as customers?
  • The technology is core to an innovative security platform that solves a business problem (too many alerts to efficiently monitor?)
  • Does the company's expertise in machine learning AI or information security?
  • Will institutions be able to protect their biometric data?
  • In terms of biometric data, would it be safe in blockchain-specific ecosystems?

15:30

Tea break

16:00

Closing keynote

17:00

End of day one

Featured keynote speakers from 2017

  Featured speakers from 2017

  Moderators

Agenda and speaking opportunities:

Essraa Mansi

(+971) 4427 3649

emansi@theasianbanker.com

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