COVID-19 and cyber heists: Financial system under attack

Over four years since the now-infamous Bangladesh Bank cyber heist, where hackers attempted to transfer close to US$1 billion from the NY FED account belonging to Bangladesh Bank before walking away with over US$60 million, and cyber threats against the financial sector have only grown in volume and sophistication worldwide. With the forcedly hurried shift towards remote working due to COVID-19, hackers are enjoying a much larger attack surface against financial service institutions with alarming success rates. How can security professionals better prepare against cyber heists?

Leading technical and legal professionals will lead a webinar anchored in real-world cases, covering the most successful attacks, why they worked, and immediate steps security teams must consider to keep pace with cybercriminals. Our panelists merge large enterprise, federal government and regulatory backgrounds to address issues from various perspectives, covering cyber terrorism, ransomware, access mining and more.

Key takeaways

• How cybercriminals are capitalizing on COVID-19 and pooling resources to attack financial service companies.
• The latest TTPs of sophisticated actors to bypass response efforts and maintain persistence.
• Examples of counter-incident response efforts.
• Important legal considerations for financial service companies responding to these incidents.
• Email thread hijacking and the latest advancements in phishing attacks leading to business email compromise, ransomware, SWIFT fraud and more.
• Risks posed by third parties and ways to monitor vendors effectively.
• Why early detection remains crucial and ways to maximize detection investments.

Speakers

• Will Daugherty, Partner, Data Protection, Privacy and Cybersecurity, Norton Rose Fulbright US LLP
• Tom Kellermann, Head of Cybersecurity Strategy for VMWare Carbon Black, former Deputy CISO for the World Bank Treasury and Commissioner on the Commission on Cyber Security for Pres. Obama
• Keith Wojcieszek, Managing Director in Kroll's Cyber Risk practice and former USSS Cyber Intelligence Section, Criminal Investigation Division Leader