Fraud Summit

New York

October 21, 2014 / Hilton Meadowlands

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.
Todd T. Brungard

Todd T. Brungard
Vice President & BSA Officer, Peapack-Gladstone Bank

Steve Durbin

Steve Durbin
Global VP, Information Security Forum

Dan Mitchell

Dan Mitchell
Attorney for Fraud Victim PATCO Construction

Richard Parry

Richard Parry
Principal, Business Development Director, Turnkey Risk Solutions

Eduardo Perez

Eduardo Perez
Senior Vice President, North America Risk Services, Visa Inc.

Nathalie Reinelt

Nathalie Reinelt
Analyst, Aite Group

Randy Trzeciak

Randy Trzeciak
Insider Threat Research Team Technical Lead, CERT

Tim Webb

Tim Webb
Senior VP Fraud Management, Citizens Bank

Mitch Zahler

Mitch Zahler
Senior VP of Cybersecurity, HSBC


2014 Faces of Fraud

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 insights 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.

Retail Breaches: What is the Bank’s Responsibility?

The recent Target and Neiman Marcus breaches led not only to the potential compromise of tens of millions of payment cards – but also to finger-pointing among merchants and financial institutions about who ultimately is responsible for the breaches. Are the breaches the fault of the merchants, whose retail systems were hacked? Or are they the fault of the financial services industry, which remains wedded to the fundamentally-flawed magnetic stripe payment card? And can any significant anti-fraud progress be made if we continue to build upon a 50-year-old electronic payments infrastructure? Banking/security leaders, retailers and anti-fraud experts debate these questions and more in a lively panel discussion.

Account Takeover: Re-Assessing Strategies and Solutions

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 approaches work best to deter and detect account takeover? And what do the latest court rulings say about the distinct roles and responsibilities of the bank and the customer when it comes to fraud prevention?

The Mobile Banking Threatscape

Mobile banking is still in its infancy, but experts predict it soon will be the dominant banking and payments channel. What are today’s key mobile fraud and security risks, and how are they evolving? How prepared are banking institutions to mitigate these risks? This session reviews emerging mobile malware attacks and compromises to out-of-band authentication. What are the new socially-engineered schemes aimed at mobile, and why are they often successful?

The Enemy Within: Responding to Insider Threats

The hackers get the headlines, but behind the scenes the stealthy insiders continue to pose huge fraud risks to banking institutions. And often the fraudsters are senior, trusted employees with privileged access to accounts and competitive data. Receive the latest insider threat research – who are the fraudsters, and how are covering up their crimes? And learn about new technology controls to help monitor disparate systems and detect anomalous behavior before fraud occurs.

The Trojan War: Responding to the Evolution of Cross-Channel Attacks

Banking Trojans are ever-evolving, with new code and attacks emerging daily. Many of these Trojans – Zeus and SpyEye are the best known - infect end-users’ PCs and mobile devices through socially-engineered schemes such as phishing and smishing. But increasingly, malicious code infects devices in automated ways, such as drive-by downloads. Often, a device can be infected with little action from the actual end-user. This session tracks the evolution of banking Trojans, with emphasis on how to defend against emerging cross-channel attacks.

Payment Card Fraud and the Merchant Challenge

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. Card issuers absorb increasing losses linked to debit and credit fraud, yet they have little control over the third-party points of compromise. Hear how institutions are fighting back with behavioral analytics, merchant/customer education campaigns and detection technologies that trace fraud back to the point of compromise.

The Role of Big Data in Fraud Detection

Banking institutions create and store volumes of data, but integrating and applying that information in a meaningful way has proved challenging. With the correct tools, big data can help institutions discover anomalous behavior and expose fraudulent activity, but doing so requires new strategies, solutions and skills. Learn how to create the appropriate mix of expertise, experience and solutions to make meaningful sense of big data for fraud detection and prevention.

Hilton Meadowlands

2 Meadowlands Plaza
East Rutherford, NJ 07073

The Hilton Meadowlands hotel near MetLife Stadium offers a convenient location minutes from New York City. This high-rise East Rutherford hotel provides easy access via complimentary shuttle service to public transportation and major highways, making it easy to reach New York City. Guests at this welcoming hotel near Secaucus, NJ, enjoy proximity to numerous shopping and dining options and the best sports and entertainment venues in New Jersey.

Travel & Directions Info >


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

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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