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CIO & CISO United Kingdom Virtual Round Table

Date: 17th June, 2021: 2 PM BST

Event Overview

Strategic Priorities and Overcoming Security Challenges in Financial Services Institutions

Financial services institutions (FSI) remain a top target for cybercriminals. In 2020 Financial and Insurance business had 721 incidents, 467 with confirmed data disclosure according to the 2021 Verizon Data Breach Investigation Report. 56% of all attacks were from external actors primarily using credential attacks, phishing or ransomware.

The financial services sector is highly regulated, and governments rightly view their financial institutions and systems as part of their nation’s critical national infrastructure (CNI). Additionally, legislative and compliance responsibilities around cybersecurity risk and posture fall on FSI—this includes building and testing organisational resilience.

During this roundtable, you will have time to discuss with your peers the strategic priorities and security challenges Financial Services Institutions are facing. Matthias Scherf, Senior Security Officer at DZ Bank, will share how they built AI into their cybersecurity strategy. Tim Wade, Technical Director, Office of CTO at Vectra will provide insight into the desired outcomes and the solutions available.

Agenda

2:00 - 2:05 WELCOME REMARKS

2:05 - 2:10 INTRODUCTION

2:10 - 3:30 - PANEL DISCUSSION AND Q&A SESSION

Strategic Priorities and Overcoming Security Challenges in Financial Services Institutions

Case study: DZ BANK enables protection without prying using AI-powered cyberattack detection

You can download the Case Study File here

MODERATOR:

  • Ben de la Salle, Former CISO at Old Mutual Wealth

 

Q&A:

  • Gerald Hentschel, Head Of IT at Western Union
  • Charles Timson, CTO at House of Parliament Restoration and Renewal
  • Martin Farrelly, Information Security Strategy & Architecture at Allied Irish Bank
  • Ameet Jugnauth Head of IT Risk & Governance at Lloyds Banking Group
  • David Edwards Head of Information Security at Coventry Building Society
  • Matthias Scherf, Senior Security Officer at DZ Bank
  • Tim Wade , CTO at Vectra
  • Clodagh (Cloda) Durkan,ISO Security Delivery MEA at AIG
  • Richard Fry Head of IT Risk and Assurance at Covea Insurance

 

Panel Questions:

 

Security Strategy:

  • How important is threat intelligence when managing security risks and setting an organisations strategic direction?
    • What can organisations do to take the intelligence that it gathers and turn it into an actionable plans?
  • What should security teams be doing to adjust to the changing threats landscape?  For example, how should organisations be preparing for the significant uptick in ransomware attacks?
  • How can security teams, and their leaders, create greater cyber resilience within their organisations?

 

Cloud Transformation:

  • What are considered the top risks for most financial services organisations in relation to their cloud journey, and how well have these been mitigated?
  • Given increasing reliance on third party services, what gaps have emerged in relation to Threat Detection and Response?
    • How have you seen them successfully overcome?
  • How can organisations keep up with the pace of attacks that target both on-premises and cloud-based apps?

 

SOC Modernization:

  • What challenges, and benefits, do organisations perceived in relation to the adoption of AI and automation integration within the SOC?
    • Should it replace humans?  Or augment humans?
  • How and when, both in terms of their maturity but also in frequency, should organisations conduct threat hunting?
  • What are some of the best practices for leveraging data and insights from both endpoint and network detection and response tools?

3:30 PM - CLOSING REMARKS

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