Over the past few years, the financial services industry has been a favorite target of cyber criminals, who are not only trying to gain direct access to money, but are also going after sensitive data that they can use for identity theft and hold hostage in ransomware attacks.
The breaches at JPMorgan in 2014 and Bangladesh’s Central Bank in 2016, which both resulted into millions of dollars in losses, illustrate the dangers posed by cybercrime to banks and other financial institutions. Cyber security is no longer an IT issue; it is a business risk that bank leadership needs to pay attention to.
The industry is doing what it can to mitigate the risk of exposure to malicious cyber attacks; however, a recent study found that it often takes months for a company to detect such an attack. By that time, hackers have likely already stolen large amounts of sensitive data.
In this two-hour LIVE Webcast, a panel of distinguished professionals and thought leaders will discuss how cybercrime is affecting the financial services industry and how bank leadership can create a robust information security program to mitigate the risk of a cyber attack.
Key topics include:
- A Review of Recent High-Profile Cases
- Key Weaknesses in the Financial Sector
- Cyber Crisis Management
- Strengthening the Network and Minimizing Threats
- Regulatory Framework of Cybersecurity Enforcement