Because fighting fraud is becoming more difficult as fraudsters' tactics become more sophisticated, it's more important than ever to gain insights from security thought-leaders about successful risk-mitigation strategies - as well as compare notes with your peers.
See Also: Ransomware: The Look at Future Trends
On Oct. 22, you'll get a chance to do both at Information Security Media Group's inaugural Fraud Summit 2013. And I hope to see you there.
It's more important than ever to gain insights from security thought-leaders about successful risk-mitigation strategies.
The summit will offer insights about successful information sharing initiatives and risk mitigation strategies in the wake of the series of distributed-denial-of-service attacks attacks targeting U.S. banks. Attendees also will gain insights about emerging payments risks and mobile banking threats. And they'll learn about the latest trends in ACH and wire fraud.
Expert speakers will address how institutions of all sizes are taking steps to thwart phishing attacks - those aimed at their brands as well as their employees. And they'll describe the emergence of increasingly sophisticated and targeted Trojans taking aim at specific industries, as well as ongoing insider schemes.
For my part, I'll be leading discussions about account takeover fraud, retail breaches and card fraud, DDoS attacks and information sharing, and identity theft.
We've pulled together a team of cybersecurity superstars, some of whom I'll be meeting for the first time, and I'm looking forward to learning from their insights just as much as I'm looking forward to sharing my own.
Our all-star lineup of speakers includes:
- Stan Szwalbenest, senior vice president at Chase Bank, whose keynote address will describe the banks' layered approach to securing its digital banking channels;
- Avivah Litan, vice president and distinguished analyst at the consultancy Gartner, who will offer her take on the top fraud trends for 2014, with a focus on why existing user authentication practices continue to fail;
- Mitch Zahler, senior vice president of cybersecurity at HSBC, who will explain how his institution and others have enhanced information sharing initiatives in the wake of the DDoS attacks that have been targeting U.S. banks since September 2012; and
- Tim Webb, director of fraud management for RBS Citizens Financial Group, who will describe how his bank addressing emerging card fraud trends, and how the U.S.'s migration to EMV will affect counterfeit card trends.
Plus, our opening panel will analyze the results of our recent Faces of Fraud Survey, which reveals:
- Banks have made big investments in regulators' recommended controls for stronger online security, but account takeover losses have not decreased;
- Customers are often unwilling to accept additional security features;
- Banking institutions continue to focus on customer education, but that's not having much impact on fraud losses.
The summit, which runs from 8 a.m. until 4 p.m., followed by a cocktail and networking reception, will be held at the Sheraton Meadowlands Hotel & Conference Center. That's just four miles from New York City.
Registration for the event is still open, but space is limited. Click here to view the full schedule.