Fraud Summit

Chicago

May 14, 2014 - Westin Chicago River North

ISMG's Fraud Summit is a one-day event focused exclusively
on the top fraud trends impacting organizations and the
mitigation strategies to overcome those challenges.
SPEAKERS
Julie Conroy

Julie Conroy
Research Director, Aite Group

Tom Field

Tom Field
Vice President - Editorial, ISMG

Daniel Ingevaldson

Daniel Ingevaldson
Chief Technology Officer, Easy Solutions

Doug Johnson

Doug Johnson
VP and Senior Advisor, Risk Management Policy, American Bankers Association

Tracy Kitten

Tracy Kitten
Executive Editor, BankInfoSecurity & CUInfoSecurity

Avivah Litan

Avivah Litan
VP and Distinguished Analyst, Gartner Research

Eduardo Monteagudo

Eduardo Monteagudo
Executive Vice President, First American Bank

Richard Parry

Richard Parry
Principal, Parry Advisory

David Pollino

David Pollino
SVP, Enterprise Fraud Prevention Officer, Bank of the West

Mark Pulido

Mark Pulido
Postal Inspector, U.S. Postal Inspection Service, Chicago

Ronald Raether

Ronald Raether
Partner, Faruki Ireland & Cox P.L.L.

Matthew M. Speare

Matthew M. Speare
Executive Vice President, Governance & Integration, Regions

Randy Trzeciak

Randy Trzeciak
Insider Threat Research Team Technical Lead, CERT

George Tubin

George Tubin
Program Director, Trusteer Global Product Marketing, IBM Security

Kirstin Wells

Kirstin Wells
VP, Risk Officer, Federal Reserve Bank of Chicago

Mitch Zahler

Mitch Zahler
Senior VP of Cybersecurity, HSBC

SCHEDULE
8:00 am - 9:00 am

Registration, Breakfast & Exhibits

9:00 am - 10:00 am

2014 Faces of Fraud

Fraud Summit - Chicago 2014 - As the Target and Neiman Marcus incidents prove: Retail point-of-sale breaches are on the rise, creating greater payment card fraud headaches for banking institutions. How does the impact of these crimes compare to that of account takeover, check fraud, insider crimes and the emerging realms of virtual and mobile payments?

Receive an overview from BankInfoSecurity's latest "Faces of Fraud" survey, as well as expert analysis of:

  • Today's most predominant and damaging fraud incidents impacting banking institutions and their customers;
  • New anti-fraud investments institutions are making to thwart the fraudsters and satisfy the demands of regulatory agencies.

Panelists: Matthew M. Speare - Executive Vice President, Governance & Integration, Regions; David Pollino - SVP, Enterprise Fraud Prevention Officer, Bank of the West; Daniel Ingevaldson - Chief Technology Officer, Easy Solutions;

10:00 am - 11:00 am

Big Data Analytics & Context-Aware Security

Fraud Summit - Chicago 2014 - Banking institutions face sophisticated fraud threats from multiple channels simultaneously, and traditional device and application controls are insufficient to provide security. Enter the concept of context-aware security, which leverages big data analytics among multiple layers of defense. Attend this session, recorded at the 2014 Chicago Fraud Summit, to learn first-hand from Gartner's Avivah Litan:

  • Who is attacking banks, and how security is defeated;
  • Best practices for mitigating attacks;
  • How context-aware analytics help secure an institution's assets.

Presenter: Avivah Litan - VP and Distinguished Analyst, Gartner Research;

The Secret Fraud Eco-System and How to Put Threat Intelligence to Work

Fraud Summit - Chicago 2014 - What becomes of customer account information once it is stolen by fraudsters? It enters a sophisticated underground economy, where account names and numbers are sold openly in the criminal marketplace. Underground market trends often yield clues to undiscovered breaches or targets. Join this session to learn:

  • How this underground economy works;
  • What threat intelligence can be gleaned from the marketplace;
  • How merchants and financial institutions can better protect their assets.

Panelists: Mitch Zahler - Senior VP of Cybersecurity, HSBC; George Tubin - Program Director, Trusteer Global Product Marketing, IBM Security;

11:00 am - 11:20 am

Break

11:20 am - 12:20 pm

Account Takeover 2014: Evolving Schemes & Solutions

Fraud Summit - Chicago 2014 - It has been nearly three years since the FFIEC issued updated guidance aimed in part at curtailing incidents of corporate account takeover. Yet, banking/security leaders today say their current anti-fraud investments have done little to reduce fraud incidents or losses. What do the American Banking Association and a bank fraud prevention officer have to say about the latest account takeover trends? Register for this session, recorded at the 2014 Chicago Fraud Summit, to learn:

  • The newest account takeover schemes;
  • Which approaches work best to deter and detect account takeover?
  • What the latest court rulings say about the distinct roles and responsibilities of the bank and the customer when it comes to fraud prevention.

Panelists: Doug Johnson - VP and Senior Advisor, Risk Management Policy, American Bankers Association; David Pollino - SVP, Enterprise Fraud Prevention Officer, Bank of the West;

Mobile: Fraud's New Frontier

Fraud Summit - Chicago 2014 - Mobile banking is still in its infancy, but experts predict it will soon be the dominant banking and payments channel. What are today's key mobile fraud and security risks, and how are they evolving? Register for this session to learn about:

  • The risks inherent in mobile payments;
  • Emerging mobile malware threats and their impact on banking institutions;
  • The latest technology solutions to help mitigate the risks.

Panelists: Julie Conroy - Research Director, Aite Group; Eduardo Monteagudo - Executive Vice President, First American Bank;

12:30 pm - 1:30 pm

Customer Awareness: What Works in Fraud Detection, Prevention

Fraud Summit - Chicago 2014 - As part of its 2011 updated authentication guidance, the FFIEC placed a heavy emphasis on security awareness for banking customers. In this case study from the 2014 Chicago Fraud Summit, Bank of the West's David Pollino, a leader in educating commercial and consumer customers about fraud risks and security controls, discusses:

  • What are the most effective training methods;
  • How frequently they should be administered;
  • How banking institutions can make customers aware, but not fearful.
  • Presenter: David Pollino - SVP, Enterprise Fraud Prevention Officer, Bank of the West;

Payment Card Fraud Response: Taking on the Processor

Fraud Summit - Chicago 2014 - In early 2014, First American Bank took the bold step of calling out a payments processor and warning customers not to use payment cards in Chicago-area taxis until a suspected data breach was resolved. Register for this session, which was recorded at the 2014 Chicago Fraud Summit, to learn:

  • What led the bank to take this unusual step?
  • What actions resulted?
  • What do bank leaders offer other institutions re: breach response?

Presenter: Eduardo Monteagudo - Executive Vice President, First American Bank;

1:30 pm - 2:30 pm

Payment Card Fraud & the Future of Secure Payment

Fraud Summit - Chicago 2014 - Payment Card fraud remains a top challenge for financial institutions. The latest wrinkle: Breached retailers such as Target and Neiman Marcus, whose compromises led to wholesale card fraud. Register for this session and learn:

  • The American Bankers Association's view of how institutions are fighting back with new solutions and strategies;
  • An attorney's perspective on legal pitfalls for financial institutions;
  • The Federal Reserve Bank of Chicago's vision of the future of the U.S. payments system.

Panelists: Ronald Raether - Partner, Faruki Ireland & Cox P.L.L.; Kirstin Wells - VP, Risk Officer, Federal Reserve Bank of Chicago; Doug Johnson - VP and Senior Advisor, Risk Management Policy, American Bankers Association;

2:30 pm - 2:50 pm

Break

2:50 pm - 3:50 pm

Managing Insider Risks: How to Detect and Respond to Malicious and Unintentional Threats

Fraud Summit - Chicago 2014 - Insiders - whether malicious or unintentional - pose huge threats to any organization. And no group understands the risks better than the CERT Insider Threat Center within the Software Engineering Institute at Carnegie Mellon University. Register for this session to learn first-hand from CERT's Randy Trzeciak:

  • The latest insider threat research;
  • All about unintentional insiders;
  • New technology controls to help detect anomalous behavior before fraud occurs.

Presenter: Randy Trzeciak - Insider Threat Research Team Technical Lead, CERT;

Identity Theft vs. Identity Fraud

Fraud Summit - Chicago 2014 - Identity fraud and the creation of synthetic identities often result from identity theft, but the strategies organizations follow to prevent ID theft and ID fraud are very different. Register for this session to learn:

  • How the industry defines ID fraud and ID theft;
  • Why banking institutions have a unique role to play in protecting consumers' identities;
  • New strategies to better detect the creation of synthetic identities.

Panelists: Richard Parry - Principal, Parry Advisory; Mark Pulido - Postal Inspector, U.S. Postal Inspection Service, Chicago;

4:00 pm - 4:30 pm

Fraud Outlook: Evolving Threats and Legal Minefields

Fraud Summit - Chicago 2014 - You know today's hottest fraud threats. But what are the emerging schemes that should concern you? Which anti-fraud technologies should you be testing? Where are the potential legal traps to avoid? In this session from ISMG's Chicago Fraud Summit, Gartner's Avivah Litan and attorney Ronald Raether offer a sneak peek into:

  • Evolving fraud threats that are poised to strike organizations in the coming months;
  • Latest trends in fraud prevention;
  • How to review legal questions arising from recent cases such as the Target breach.

Panelists: Ronald Raether - Partner, Faruki Ireland & Cox P.L.L.; Avivah Litan - VP and Distinguished Analyst, Gartner Research;

4:30 pm - 6:00 pm

Cocktail Hour & Networking

VENUE
Westin Chicago River North

320 North Dearborn Street
Chicago, IL 60654

TRAVEL & DIRECTIONS INFO >

SPONSORS

The ISMG Fraud Summit Series is made possible through the support of it's sponsors:

ThreatMetrix
Verint
SUPPORTING PARTNERS
ACT Canada Cyber Safety by Design HTCIA Informatica Security and Privacy ISC2 Marketing Partner ISSA Marketing Partner OWASP - Partner Fraud Summit San Francisco 2014
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