Managing Cyber Vulnerabilities in the Financial Industry

Datum04 Okt. 2021
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

Current Situation

The World Economic Forum’s Global Risk Report 2020 considers information infrastructure breakdown and large-scale cyberattacks to be among the topmost impactful risks for the years until 2030. Financial market infrastructures across the globe are at risk. There is a massive potential for disruption of critical financial services, with barely predictable cumulative risks. Cyberattacks are constantly evolving, increasing in severity, and spreading. Highly sophisticated, targeted attacks are accompanied by a growing number of opportunistic attacks, as witnessed in the recent years. Financial institutions are called upon to invest in cyber defense in order to address these threats.

 

Objectives

Building on industry practice and recent academic insights, this Master Class will provide an understanding of enterprise-wide cyber risk management and attacks’ potential impacts on financial business processes. In a practical, hypothetical exercise, participants 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 current cyber threats and the challenges involved in response activities.
  • Gain insights into the implementation of enterprise-wide cyber risk management.

 

Target Audience

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 Master Class is an acknowledged SAQ recertification measure for the CWMA, CCoB, Affluent- and SME-and Individual Client Advisor profile and comprises four learning hours.

Register here if you are attending your first SFI Master Class