Payments Security in the Cyber World is a full day program to help you recognize and mitigate the escalating risks that financial institutions face in dealing with cyber threats affecting the security of their payment services as well as new threats in areas like mobile banking. You’ll learn about key tactics, from phishing to key-logging and account take-over, and whom they target – consumers, businesses, and you – as well as actions you can take today. The program also includes a session focused on the ACH Network and a panel comprising experts from industry, the Federal Reserve, and financial institutions.
8:30 a.m. Registration / Continental Breakfast
9:00 a.m. Welcome
Michael T. Stewart, Financial Institution Relations and Outreach (FIRO), Federal Reserve Bank of Boston
Breffni McGuire, Payments Strategy, NEACH
9:10 a.m. Threat Trends and Targets, And What to Do
Michael Mulholand and Stan Szwalbenest
The news is full of stories about cyber fraud using ACH payments and wire transfers, but short on answers. Our session leaders will not only make sense of the cyber threats attacking your institution and your customers, but also give you useful information on actions you can take to recognize new threats and protect your customers/members, your payments services, and your institution. Find out how you can keep perpetrators from making your institution headline news..
11:00 a.m. Networking Break
11:15 a.m. Case Study: Anatomy of a Data Breach
You think you’ve done everything you can to protect your organization from a data breach, but then you get that call on a sunny Saturday afternoon and your whole world is turned upside down as you learn that your institution has been impacted by one of the biggest breaches reported to date. What do you do, what didn’t you do, whom do you call, what went wrong, what do you report and how do you prevent it from happening again?
12:15 p.m. Lunch
1:15 p.m. Focus on the ACH: New Threats, New Responses
Many of the new threats, most particularly key logging and corporate account take-over, although not targeting the ACH network, manifest themselves as ACH payments. The criminals understand the business and its vulnerabilities – and ACH payments are accessible, fast, and effective. Learn why the ACH is being targeted and how, as well as both the steps NACHA recommends and other actions you can take to respond effectively.
2:15 p.m. Break
2:30 p.m. Panel: Managing the Emerging Payments Cyber Threat Landscape
Moderator: Michael Mulholand
Panelists: Patricia Allouise, Eddie Ho, Laurance Selnick, and Stan Szwalbenest
The threats are real and evolving quickly. Our panel of experts offers their views on how financial institutions are managing in the current environment and what they should think about. Join the conversation and add your comments to the discussion.
(Click here for complete Presenter Bios)
Assistant Vice President and Assistant General Counsel
Federal Reserve Bank of Boston
Eddie Ho, CIPP, CISA, CISM, CGEIT, CISSP
Director of Fraud Solutions Strategy
Laurance A. Selnick
SVP, Cash Management
Remote Channel Risk Director
- There is no public parking available at the Federal Reserve Bank of Boston. For Driving instructions and parking options, please click here.
- All participants must bring an officially issued photo ID, such as a driver’s license or passport, and go through scanning equipment to enter the Federal Reserve Bank building.