Securing Financial Services Virtual Summit

Securing Financial Services
8th July 2020, Online


Protecting the customer, securing critical global infrastructure
Security, privacy and financial crime priorities for wholesale and retail financial institutions


On March 3, Andrea Enria, chair of the ECB supervisory board, sent a letter 'To all Significant Institutions' to raise their awareness of contingency preparedness in the context of COVID-19.

The purpose of the letter was to remind institutions of 'the critical need to consider and address potential pandemic risk in their contingency strategies', and it identified a series of IT and cybersecurity challenges including:

  • the need for key third-party suppliers to maintain critical processes
  • the need for alternative and sufficient back-up sites
  • large-scale remote working and other flexible working arrangements
  • a potential increase in cyber-attacks and cybersecurity-related fraud, aimed both at customers and institutions via phishing emails
  • the risks inherent in customers' higher reliance on remote banking services

As the crisis has unfolded, all of these challenges have been realised and more besides.

Online and mobile channels have seen huge increases in volumes; communications channels have been overwhelmed; trading floors have been swept by the coronavirus pushing market-critical functionality out of the bank and into the home; widespread remote working brings all the obvious security challenges and introduces new ones - messaging and document-sharing apps have seen volumes quadruple as they've moved out of the trading room, throughout the bank, and into the supply chain; and legacy systems, already creaking in the era of digital transformation, are proving even more of a headache.

The financial sector may have been given a headstart by the regulatory push, and it is certainly one of the leaders in terms of investment in technology and cybersecurity, but these challenges are unprecedented in terms of scale and the speed with which the situation is changing.

And what about the smaller banks? What about the fragmented insurance and asset management sectors that have been much slower to digitalise? What about the smaller fintechs upon whom the big banks have begun to rely - and not just because of PSD2 and Open Banking? And finally, what about the underlying payments infrastructure and platforms that have already proved vulnerable?

The 1st Securing Financial Services Summit will look at how cybersecurity teams are tackling this dramatically different threatscape. Join us for real-life case studies and in-depth technical sessions from the security and privacy teams behind some of the world's most admired brands.

  • Protecting the customer, securing e-/mobile channels

    • Huge numbers of customers have been forced online - for example, on one platform digital mortgage applications are up 1500%
    • Bank systems may be secure, but sophisticated scammers are already targeting worried customers and stressed employees with multi-channel scams
    • Are financial institutions ready?

  • Securing and protecting remote employees

    • Banks may be used to some employees working from home on well-protected devices, but they can't have been prepared for the rise in unsecured data transmission, VPN use, security of video/collaboration tools, employees using risky workarounds to achieve critical tasks under pressure, and so on.
    • What are the quick fixes that can ensure security while preventing further operational disruption in this challenging time, and what are the longer-term solutions?
    • Unless they were already set up for remote working within a well-organised and secure policy/process framework, employees won't just be outside centrally controlled endpoint process framework, they'll also be beyond any patching and update processes.
    • How can CISOs regain control of the situation? Is this the time for zero trust or virtualisation?

  • Blurring the boundaries in financial crime

    • Digital criminals don't distinguish between financial crime (money laundering, tax evasion, bribery), fraud (transaction- and identity-based deceptions that cause loss) and cyber breaches (compromises in bank systems).
    • All a cyber-attacker is interested in is extracting value from financial institutions by digital means.
    • Is it time to open up the silos?

  • Securing FinTech

    • Third-party platforms and partners are often smaller digital natives. That digital expertise and lack of legacy systems is an advantage in cybersecurity to an extent, but small size can also mean fewer resources and smaller budgets for cybersecurity.
    • Are FinTech companies the Achilles heel of finance? How can their partners ensure that they aren't?
    • What lessons can B&Ms learn from the new kids on the block?

  • Cybersecurity by remote control

    • Will existing incident response processes function properly across a distributed enterprise? What updates to playbooks are needed?
    • How can security teams ensure that they can carry out their jobs remotely, particularly when many security tools rely on access to the local network?
    • With CISOs and security teams now needing unfettered remote access to the most sensitive systems and information, are they themselves the weakest link? How can they ensure they're not compromised?

  • Control, supervision, audit

    • How do banks' internal supervision and surveillance mechanisms function in a remote environment?
    • What about audit - how can the required links to core comms, trading, clearing, settlement, and MIS/reporting systems be secured outside the office?
    • Are CISOs on the case?

  • Best practice in the Cloud

    • With so much financial infrastructure now hosted on a handful of Cloud providers, they have become systemically important.
    • To what extent can firms and their regulators evaluate their Cloud infrastructure security?
    • Are applications and data being brought back on-premise? And how are hybrid-cloud environments working out?

  • Protection versus business needs

    • There is a wider strategic challenge: many businesses now face an existential threat and must take rapid and extraordinary actions to survive
    • Their requests for technologies to help them do this will demand near-instant responses and extreme flexibility
    • Never has it been more important that security teams understand and enable the business

Financial sector attendees at recent AKJ events

Job titles

IT Director
Head of Financial Crime & MLRO
EMEA Head of AML Business Intelligence Investigations, Senior Vice President
CTO
Head of Information Security
Head of Fraud Risk Appetite & Performance
CIO
Head of Fraud Prevention
Head of Financial Crime Intelligence
Group Head of Information Security
Global Senior Risk Officer - Infrastructure
Director - Head of Business Security
Head of Security Operation Centre
COO & CTO
Head of IT
Head of Fraud Risk Oversight
Senior Manager, Cyber Threat Intelligence
Global Head Cyber Technology
CISO
Executive Director - EMEA Technology Risk & Controls Management
Head of Information Security
Head of Digital
Group Risk Manager
Data Protection Officer
Global Head of IT, Internal Audit
Head of Financial Crime Prevention
Head of Counter Fraud
Head of Network & Security
Head of Information Security
Group CISO
IT Director
Head of Identity and Access Management
Head of Security
Head of Technology and Cybersecurity Risk
Head of Technology
Group Financial Crime Risk Analytics Senior Manager
Group & UK Data Protection Officer
Head of IT
Head of International Information Security
Head of IT Risk
Chief Information Security Officer EEMxA
UK CISO & DPO
Head of Security Standards and Governance
UK Head, Law Enforcement Outreach & Investigations
Director, Group Information & Cyber Security
Head of Merchant Payment Security
Head of Financial Crime Risk Data and Analytics, Retail Banking
Global Head of Regulatory Compliance Monitoring & Testing, Governance & Standards
Enterprise GRC Director & Data Protection Officer
Head of Information Security and IT Risk
Group Head of Cyber Risk Intelligence
Head of Cyber Operations
Associate Director - Information Security and Data Protection
Head of Group CSIRT
Regional Director Risk Management, Global Information Security
Head of IT Infrastructure
Head of Financial Crime
Group Security Operations Manager
Director - Information Security
Head of Cyber Security
IT Director
Head of Fraud Intelligence
Chief Information Security Officer UK
Regional CISO, Europe & UK
Group Investigations Manager
Group Information Security Officer
Chief Security Architect
Head of Information Security
Chief Operations Officer
Head of Risk
Head of Operational Risk Management
Head of IS & BC
Chief Information Security Officer
Group Head of IT Infrastructure and Cybersecurity Audit
Chief Information Security Officer (CISO)
Global Head of Information Security, IT Risk Management & Business Continuity Management
Fraud Prevention Lead
Head of Group CyberSOC
CISO / DPO
CISO - EMEA
Group Head of Fraud and Credit Risk
Senior Fraud Investigator, Law Enforcement Outreach
Cybersecurity Programme Director
CISO UK, Luxembourg, Bermuda & Central Shared Services
CISO
Managing Director Fraud Risk Consumer Banking
Senior Group I.T. Manager
Director, CIRT
Head of IT
Chief Operating Officer
Head of IT Security
Head of IT
Director, UK Risk Management
CISO
Head of Third Party Assurance and PCI Compliance
Head of Information Security and Data Protection Officer
Head of Infrastructure, Fusion Architect
Senior Forensic Investigator
Director, Technology Risk
Head of Cyber Analytics Technology
Data Protection Officer
Senior Business Manager - Group Security & Fraud
Global Head of IT Risk
Risk and Assurance Director
Group CISO
Global Cyber Operations & Insider Threat Senior Manager
Executive Director, Head of Fusion
Senior Payments Risk Manager
Head of Threat Intelligence
Head of Compliance
Group CISO
VP Global Risk Management EMEA & LACC
ESG Specialist, Vice President
Head of Technology and Operational Risks
Head of Information Security
Global Head - Cyber, Information & Technology Risk Office
Chief Information Security Officer
Senior I.T. Risk Advisor
Head of Information Security and Data Privacy
Head of Information Security
Group CISO
Global Head of Protection & Resilience
Global Security Administrator
CIO
Head of IT Risk & Governance
Head of Threats Intelligence & Defense
Group Manager Security & Fraud - Information Risk
Technology Compliance Director
Head of Technology/Cyber Risk Analytics
Global Fraud Risk Controller
Senior Fraud Manager
Head of IT
Head of Fraud
Group Data Protection Officer
CTO
Director, Compliance & Operational Risk
CISO
Global CISO
Head of IT Strategy
Head of Information Security
CISO
Head of Financial Crime
Risk Architecture Director
Head of Information Security
CISO
Head of Security Engineering and Operations
Director of IT
Head of Cybercrime Intelligence
Head of Risk and Compliance
EMEA Head of Technology & Information Risk Coverage
Executive Director - Cyber Strategy
Director of IT
CISO
Head of I.T. Security
Head of Application Security
Group Cyber Risk and Governance Manager
Head of CERT
EMEA Operational Security Manager & Business Line Security Officer
Head of Core Compliance
Head of Risk – IT & Cybersecurity
Senior Special Agent - Global Security
Head of EMEA Fraud Risk Management
Head of Security Risk Advisory and Security Architecture
Director, Fraud Prevention, Compliance & Operational Risk Control
Head Of Security Operations
Chief Risk & Compliance Officer
Global Head of Network Infrastructure
Executive Director, Cybersecurity & Technology Control Governance & Program Management
Head of Information Security & Risk
Head of Information Security & Audit
Global Director of Financial Crime
CISO
CISO
Head of Security and IT Policy
Head of Information & Cyber Policy
Head of IT Governance, Risk & Compliance
Head of Digital Risk
Group Data Protection Officer
Head of Technology
Director of Cyber Engineering, Operations & Vulnerability Management
Senior Manager, Information & Cyber Security
Head of Information Security
Head of IT Security and Compliance
Group and UK Compliance Director
Head Group PCI
Global Chief Information Security Officer
Head of Operational Risk Management
CISO & Data Protection Officer
Head of Digital Platforms
Head of Compliance & MLRO
Head of Audit IT Infrastructure
Global Cyber Security Manager
Head of Cybersecurity
Group Head of IT Security
Head of Technology Controls
Cybersecurity Director
Global Head of IT Service & Operations and Head of IT EU
Global CISO
Chief Business Information Security Officer
Global Security, Senior Special Agent
CISO
Senior Fraud Analyst
Group I.T. Risk Management Director
Director - Cyber Risk
CISO and Head of IT Risk Management
Chief Cybersecurity Architect
CISO
Senior Vice President - Global Information Security
Director - Enterprise Risk
Director of IT Governance & Risk Manager
Head of Information Security
Risk & Compliance Director
CISO
Group Digital Security and Fraud Manager
Senior Enterprise Architect
Data Protection Business Partner
Head of Information Security
Group Head of IT Security
Head of Operational Risk and Data Protection Officer
Senior Cyber Security Response Analyst
Senior Advisor - Head of Financial Crime Investigations
Senior SIEM Engineer
Chief Information Security Officer
Global Head of Access Management
Head of Business Operational Risk
CISO International
CISO
Head of Financial Crime and Information Security
Head of Innovation, Security and Privacy
Director of Technology & Information Security
Global AML Risk Framework Manager
Director Risk and Control, Global Technology Risk
CISO
Global Head of Security Architecture, Ops & Eng
Director, Intelligence & Incident Response
Group Head of Technology
Head of Cyber Awareness
Director of Global Security
Group Operational Resilience Senior Manager
Global Financial Crime Manager
Head of Digital Fraud Prevention
Head of International Cyber
Head of Digital Risk & Threat Intelligence Lead, EMEA
EMSA CISO
Group Chief Information Security Officer
Head of Technology Risk and Compliance
Group CISO
Digital Risk Manager, Global Security & Fraud Risk
Global Head of Security & Fraud Risk, Global Banking & Markets
CISO UK

Organisations

Covéa Insurance
Mapfre Abraxas
UBS
Deutsche Bank Group
Lloyds Banking Group
Skandinaviska Enskilda Banken
Citigroup
Rothschild & Co
JP Morgan Chase
Lendable
Standard Life Aberdeen
Zurich Insurance Group
Standard Chartered Bank
Lloyds Banking Group
Willis Towers Watson
MUFG - Mitsubishi UFJ Financial Group
Schroders
Santander
AIG Europe
Quilter
Standard Chartered Bank
Aldermore Bank
NewDay
Canada Life
NewDay
Vitality Health
Deutsche Bank Group
ING
Commerzbank
Crédit Mutuel
Shawbrook Bank
Caisse des Dépôts
Starling Bank
Société Générale
Royal Bank of Scotland
Royal Bank of Scotland
Allianz
Swiss Re
Credit Suisse
Winton Capital
JP Morgan Chase
Nationwide Building Society
Close Brothers Premium Finance
Man Group
BMO Financial Group
Standard Bank International
UniCredit
ConCardis
UBS
St. James’s Place Wealth Management
BNP Paribas Cardif
HSBC
Pension Insurance Corporation
Swiss Re
American International Group
Bank of China
BMO Global
Elevate Credit International
Jaja Finance
Monese
KfW
C. Hoare & Co.
Virgin Money
Morgan Stanley
BNP Paribas
Phoenix Group
Crédit Coopératif
American Express
BNP Paribas
Munich Re
Crédit Agricole
Allianz
Morgan Stanley
HSBC
Barclays
Refinitiv
Deutsche Bank Group
Vanquis Bank
RSA Insurance Group
Mizuho
Maple Bank
Crédit Agricole
Société Générale
Alliance Trust
Admiral Group
MarkerStudy
Leeds Building Society
Opel Vauxhall Finance
European Bank for Reconstruction & Development
Legal & General
Jefferies
Clydesdale Bank
Deutsche Bank Group
Commerzbank
Travelex Holdings
SCOR
JP Morgan Chase
Royal Bank of Scotland
Silicon Valley Bank
Aspen Insurance Group
Lloyds Banking Group
European Central Bank
Prudential
Butterfield Bank
Western Union
Aviva Investors
Legal & General
Bank of America Merrill Lynch
Pepper Group
Humanis
AXA
Bank Leumi
Tesco Bank
Jefferies
Sumitomo Mitsui Banking Corporation
Credit Suisse
Lloyds Banking Group
esure
Santander
Aviva
Bank of America Merrill Lynch
Anderson Zaks
Allianz
Capital One
Bank of America Merrill Lynch
RBC Capital Markets
World First
Fraedom
Carrefour Banque
HSBC
Refinitiv
Hiscox
AXA Investment Managers
Berkeley Group
The Co-operative Bank plc
Siemens Financial Services
Munich Re
Barclays
Royal London Group
National Westminster Bank Plc
Direct Line Group
Unum
Acromas
Generali
Nationwide Building Society
Bourse Direct
Barclays
HSBC
Prudential
Aviva Investors
Bank of England
Schroders
Nomura
Planet
LCH
First Rate Exchange Services
Mizuho
RSA Insurance Group
DJE Kapital
Weatherbys Bank
Capital One
Man Group
BlueBay Asset Management plc
Standard Chartered Bank
Barbican Insurance Group
Lloyds Banking Group
Chubb
Citigroup
Bank of America Merrill Lynch
Royal London Group
Aviva
IG Group
Alpha Bank
Société Générale
DZ Bank
Standard Life Aberdeen
Munich Re
BNP Paribas
State Street Corporation
NEST Corporation
Stonehage Fleming
ABN AMRO
Starling Bank
Intercontinental Exchange
Royal Bank of Scotland
Commerzbank
AKA Bank
Aviva
Berkeley Group
Coller Capital
UBS
Natixis
Western Union
AXA
Nomura
Man Group
Redwood Bank
Bank of England
Canadian Imperial Bank of Commerce
AXA
BPCE
Close Brothers Group
West Bromwich Building Society
UBS
SEIB Insurance Brokers
Global Processing Services Ltd
Black Rock
Co-operative Financial Services
American Express
Crédit Agricole
Travelex Holdings
JP Morgan Chase
Alpha FX
Union Bank of India
ReAssure
BNP Paribas Wealth Management
Groupama
Santander
Morgan Stanley
Natixis
Newcastle Building Society
Citigroup
Natixis Assurances
Crédit Mutuel
Metro Bank
TSB Bank
Direct Line Group
Scotiabank
Swinton Insurance
Onesavings Bank
Stonehage Fleming
Council of Europe Development Bank
Majedie Asset Management
China Construction Bank
Brewin Dolphin
Brewin Dolphin
Aegon Group
Bank of Ireland
Eurofactor
Beach and Associates
LV= Liverpool Victoria
Fidelity International
Standard Life Aberdeen
TP ICAP
NS&I
Société Générale
ABN AMRO
Barclays
Allianz Global Investors
Citigroup

Company headcount

10,000+
1000-1999
3000-4999
10,000+
10,000+
5000-9999
10,000+
500-999
10,000+
10,000+
10,000+
1-99
5000-9999
10,000+
500-999
10,000+
100-499
10,000+
10,000+
1000-1999
5000-9999
2000-2999
10,000+
100-499
10,000+
3000-4999
10,000+
100-499
10,000+
10,000+
10,000+
3000-4999
10,000+
2000-2999
10,000+
10,000+
10,000+
10,000+
10,000+
10,000+
10,000+
100-499
10,000+
10,000+
10,000+
10,000+
3000-4999
2000-2999
10,000+
10,000+
1000-1999
3000-4999
10,000+
10,000+
10,000+
1000-1999
10,000+
3000-4999
10,000+
5000-9999
2000-2999
10,000+
10,000+
500-999
100-499
100-499
100-499
10,000+
10,000+
10,000+
1000-1999
100-499
10,000+
10,000+
5000-9999
10,000+
10,000+
10,000+
1-99
1000-1999
10,000+
10,000+
2000-2999
10,000+
100-499
10,000+
10,000+
100-499
10,000+
10,000+
5000-9999
1-99
1000-1999
10,000+
10,000+
10,000+
10,000+
1-99
2000-2999
3000-4999
1-99
10,000+
2000-2999
5000-9999
10,000+
10,000+
10,000+
5000-9999
5000-9999
10,000+
10,000+
10,000+
3000-4999
5000-9999
3000-4999
10,000+
10,000+
10,000+
5000-9999
3000-4999
3000-4999
10,000+
10,000+
10,000+
5000-9999
1000-1999
3000-4999
10,000+
10,000+
10,000+
10,000+
100-499
1000-1999
10,000+
500-999
1000-1999
10,000+
10,000+
10,000+
10,000+
10,000+
10,000+
10,000+
10,000+
100-499
100-499
10,000+
10,000+
3000-4999
100-499
10,000+
3000-4999
5000-9999
100-499
500-999
3000-4999
10,000+
10,000+
10,000+
10,000+
10,000+
10,000+
100-499
10,000+
10,000+
10,000+
100-499
3000-4999
10,000+
10,000+
10,000+
10,000+
10,000+
10,000+
3000-4999
10,000+
10,000+
1-99
10,000+
3000-4999
5000-9999
10,000+
10,000+
10,000+
3000-4999
10,000+
10,000+
10,000+
10,000+
10,000+
10,000+
10,000+
10,000+
1-99
10,000+
10,000+
10,000+
10,000+
3000-4999
10,000+
10,000+
10,000+
3000-4999
1-99
10,000+
5000-9999
5000-9999
10,000+
10,000+
500-999
10,000+
10,000+
3000-4999
3000-4999
10,000+
1000-1999
10,000+
10,000+
1-99
1000-1999
10,000+
3000-4999
500-999
3000-4999
100-499
10,000+
10,000+
10,000+
5000-9999
10,000+
10,000+
10,000+
10,000+
2000-2999
1-99
10,000+
500-999
100-499
1-99
10,000+
5000-9999
10,000+
5000-9999
2000-2999
500-999
2000-2999
2000-2999
500-999
10,000+
1000-1999