Bitcoin, a next-generation crypto-currency whose origin is shrouded in mystery, is receiving growing attention from cybercriminals and is perhaps the largest real-world testing lab for the effects of trust on consumer and business demand. This fascinating presentation will demonstrate how Bitcoins are acquired and exchange hands, and show how Bitcoin digital wallets can be easily compromised.
Part II: Do They Know Who You Are? Musings on Identity & Authentication
Whether mobile, at work or at leisure, our digital footprint has increased many folds over the last ten years, and with the average person having 26 password-protected accounts but only five different passwords, it is no wonder that ID theft represented 60% of all UK fraud in 2013. Join this session as we take a fast paced tour of the current industry landscape and provide answers to the questions many organizations are grappling with.
Additional Summit Insight: Hear from more industry influencers, earn CPE credits, and network with leaders of technology at our global events. Learn more at our Fraud & Breach Prevention Events site.
Background
Part 1: Bitcoin Fraud - The Perfect Crime
Banking institutions that are considering whether to accept virtual currencies, such as Bitcoin, and possibly integrate them into their offerings must keep track of the latest developments and be aware of key risks, including potential use of the currencies for money-laundering schemes.
This presentation will demonstrate how Bitcoins are acquired and exchange hands, and show how Bitcoin digital wallets can be easily compromised. We'll also see:
What sort of malware targets Bitcoin, and is two-factor authentication enough?
Why is the Bitcoin economy a better target than online banking?
What can we learn from it when considering other next-generation payment schemes?
Part II: Do They Know Who You Are? Musings on Identity & Authentication
By the end of 2015, more than 75 percent of U.S. employees (and more than 1.3B workers worldwide) will routinely work remotely. This growth in mobile workforce means that criminals will phish, spoof, skim, packet sniff and key log their way into even more sensitive information.
The result?
ID theft represented 60 percent of all UK fraud in 2013.
'Synthetic' ID theft is emerging as fastest-growing type of consumer fraud.
The use of stolen credentials was found in 31% of the breaches while phishing was used in 18 percent.
This presentation will provide answers to the following questions:
What are the current trends for identity and authentication?
How can the tensions between generating income and managing fraud be addressed?
What predictions can we make for effectively managing identities in the next few years?
What pitfalls should be avoided?
This session was recorded during the 2014 Fraud Summit London. Additional recordings include:
FBCS, MSc, Independent Advisor & International Speaker
More than 20 years in financial services and technology made Jones believe in change through innovation & partnerships. She is regularly invited to advise organisations of all sizes on payments, cyber risk, information security and digital innovation where she always strives to demystify the hype surrounding current issues. She likes engaging on social media and regularly addresses global audiences on these topics. She chairs the Advisory Board for mobile innovator Ensygnia & the Global Advisory Board for the Centre for Strategic Cybercrime & Security Science and is a Founding Advisory Board Member for GiveADay UK. She sits on the Advisory Board of the Emerging Payments Association and is on the City AM FinTech Most Influential Power List. Tripwire nominated Jones Top Influencer in Security To Follow on Twitter in January 2015 and CEOWorld Magazine nominated her Top Chief Security Officer to Follow on Twitter in April 2014. She is the Merchant Payments Ecosystem Acquiring Personality of the Year 2013, the SC Magazine Information Security Person of the Year 2012 an is an InfoSecurity Europe Hall of Fame alumni. Jones has previously worked for Barclaycard, Santander, Abbey National, Oracle Corp. and Unisys.
Uri Rivner
Chief Cyber Officer, Co-Founder, BioCatch
Rivner is recognized globally as an industry expert on Cybercrime and advanced threats. He is a regular speaker in the leading Security and Cyber conferences, and writes a cyber-security blog read by thousands of professionals. Prior to joining BioCatch he served as Head of New Technologies, Identity Protection at RSA. Over the years Rivner worked closely with the world's largest financial institutions on developing solutions against online crime, Phishing and Trojans, and helped other industry verticals establish an effective defense doctrine against advanced cyber threats. He was a key player in developing anti-Cybercrime technologies used today by thousands of organizations worldwide to stop billions of dollars in fraud each year and protect hundreds of millions of users.
Patrick Vowles
Team Lead - North America Marketing, IBM Security
Patrick has over 25 years of hands-on IT, product management and marketing experience, gained from developing and deploying innovative networking, security and compliance solutions. After several years in support and technical sales in the UK for key LAN/WAN vendors, he moved to the US to support network infrastructure sales in New York City. Later at a global ISP, he product managed V1.0 of an entire managed security and remote access service, much of which is still in service today. While at RSA he developed continuous monitoring and GRC for cloud offerings, while contributing to such projects as the Cloud Security Alliance Consensus Assessment Initiative. Patrick is now Team Lead for North America Marketing at IBM Security, helping to shape messaging on hybrid multi cloud and OT security.
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