Regulations for financial organizations are mounting, from federal proposals for the U.S. securities market to better protect against hackers, requirements for investment advisors and investment companies to report to government cybersecurity incidents and major breaches and adopt and implement written cybersecurity policies. This session will dig into the implications of the latest regulations on compliance efforts, from potential obstacles to opportunities.
The popular drive to embrace application-based financial services is most hindered by security risk concerns – with financial executives supporting plans to adopt such “open banking,” but raising flags about compliance and security risk. This panel will examine the demand for such offerings, while also assessing techniques to ensure financial organizations don’t leave themselves more vulnerable as they transition.
From wealth management to public accounting, firms that count among their clientele and executives the most wealthy and influential face heightened risk, as cybercriminals increasingly expand their target vectors to more upscale financial institutions or top level financial executives. This session will examine the potential security loopholes that cybercriminals are increasingly seeking out and preying upon to get at the most valuable client and employee data and assets.
From DMARC to behavioral biometrics to the traditional password, financial organizations are struggling to land on an authentication strategy that adequately identifies clients and partners are who they claim to be, while also accommodating growing demand among users for simplicity. This session will assess the evolution of tactics and what works best for financial services organizations that find themselves transitioning rapidly toward digital enablement.
Financial organizations invest millions in authentication technologies. But the reality is that much of the onus lies with the customers themselves, particularly amid skyrocketing account takeovers where bad actors hijack a real customer’s account typically by stealing credentials. So how can banks and other financial services institutions mimic the success of security awareness training used on employees for customers well? This session will help establish a framework to instill internal and external best practices.