Managing Cyber Vulnerabilities in the Financial Industry

Currently fully booked; registrations possible on the waiting list.
Datum24 Sep. 2024
Zeit13:00 - 16:00
StandortVideoconference
Prof. Olivier Scaillet, SFI Senior Chair, Universität Genf
Alain Beuchat, Chief Information Security Officer, Banque Lombard Odier
Beat Schaer, Head IT Security and Architecture, Swiss National Bank

Currently fully booked;
registrations possible on the waiting list.

The World Economic Forum's Global Risks Report 2020 places information infrastructure breakdown and large-scale cyberattacks among the topmost impactful risks. Following the sanctions imposed on Russia by the West, a rise in cyberattacks on crucial infrastructure is expected.

Financial market infrastructures across the globe are not immune to these risks, and there is massive potential for the disruption of critical financial services, the cumulative risks being difficult to predict. Cyberattacks are constantly evolving, increasing in severity, and spreading, highly sophisticated, targeted attacks being accompanied by a growing number of opportunistic strikes, as witnessed in recent years.

Financial institutions thus need to invest in cyber defense to address these threats. Such defenses take on an even greater importance given the waves of cyberattacks experienced during the pandemic in Switzerland and abroad. The recent ejection of certain financial institutions from the SWIFT international payments system has further stoked concerns that cryptocurrencies such as Bitcoin are being used to circumvent Western sanctions imposed by on Russia.

 

Objectives

This Master Class will provide an understanding of enterprise-wide cyber risk management and cyberattacks' potential impacts on financial business processes. In a hands-on exercise, participants will meet some of the key challenges encountered when responding to a cyber threat.     

  • Learn about the potential vulnerabilities and threats inherent in certain types of digitized financial business processes (cryptocurrencies, latency/arbitrage risks, flash crashes, speed trading).

  • Familiarize yourself with the characteristics of recent cyber threats and the challenges involved in response activities.

  • Gain insights into the implementation of enterprise-wide cyber risk management.

 

SFI Master Class Features and Target Audience

SFI Master Classes offer seasoned banking and finance professionals a unique opportunity to exchange knowledge and share their professional views with top-level academics and industry experts in an interactive learning environment. Master Classes incorporate hands-on group work and opportunities for discussion. 

This Master Class is aimed at business and risk representatives and other interested parties from the banking sector and the financial industry.

 

SAQ Recertification

This SFI Master Class is an acknowledged SAQ recertification measure and comprises four learning hours for the following SAQ profiles: 

  • Wealth Management Advisor CWMA

  • Advisor Affluent Clients

  • Advisor Individual Clients

  • Certified Corporate Banker CCoB

  • Advisor SME Clients

This Master Class covers the aspects "industry knowledge" and "conduct."


Late cancellations and no-shows

If you have registered for a Master Class but are unable to attend, we kindly ask that you inform us as soon as possible. Places are limited, and late cancellations and no-shows not only prevent those on the waiting list from attending, but also result in an inefficient allocation of valuable resources. Your cooperation in communicating any unexpected changes regarding your participation at this Master Class is greatly appreciated.

Register here if you are attending your first SFI Master Class