April 19, 2014 - Marriot Marquis
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.
Supervisory Special Agent, U.S. Secret Service Electronic Crimes Task Force and Asset Forfeiture Section, SF
Chief Technology Officer, ThreatMetrix
Managing Partner, Duane Morris LLP
Research Vice President, Gartner GTP Security and Risk Management Strategies
Modeling Architect, Brighterion
VP and Principal Analyst, Forrester Research
Vice President - Editorial, ISMG
Product Manager, Easy Solutions
Executive Editor, BankInfoSecurity & CUInfoSecurity
Global Vice President, Fraud and Identity Solutions, Verint
Senior Director of Platform Business Operations, Electronic Arts
Attorney for Fraud Victim PATCO Construction
Assistant Special Agent in Charge, FBI San Francisco Cyber Division
Senior Counsel and Assistant VP, Consumer Bankers Association
EVP, Chief Legal Officer and Chief Enterprise Risk Officer, Visa Inc.
Chief Counterintelligence Expert, Carnegie Mellon University CERT Insider Threat Center
Data Scientist, Zions Bank
Senior Security Strategist, Trusteer
Director, Financial Crime Portfolio Management, Fiserv
James Van Dyke
President/Founder, Javelin Strategy & Research
Corporate Information Security Officer, M&T Bank
Michael J. Wyffels
Senior Vice President and Chief Technology Officer, QCR Holdings Inc.
VP, Financial Crimes Manager, Financial Crimes Operations, Wells Fargo Financial Crimes Risk Management
8:00am - 9:00am
Registration, Breakfast & Exhibits
9:00 AM - 10:00 AM
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.
Panelists: John Walp - Corporate Information Security Officer, M&T Bank; Rob Zerby - VP, Financial Crimes Manager, Financial Crimes Operations, Wells Fargo Financial Crimes Risk Management; Bryan Jardine - Product Manager, Easy Solutions;
10:10 AM - 11:10 AM
Trends in Account Takeover: Social Engineering & Evolving Malware
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?
Panelists: John Walp - Corporate Information Security Officer, M&T Bank; Dan Mitchell - Attorney for PATCO Construction in High-Profile Account Takeover Dispute; Mark Lazar - Global Vice President, Fraud and Identity Solutions, Verint;
The Danger Within: Responding to Unintentional and Intentional 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. Other times, innocent employees become unintentional threats when they fall victim to social engineering schemes or targeted attacks that lead to fraud. 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.
Presenter: Michael Theis - Chief Counterintelligence Expert, CERT Insider Threat Center, Software Engineering Institute, Carnegie Mellon University;
11:10 AM - 11:30 AM
11:30 AM - 12:30 PM
Big Data Analytics & 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.
Threat Intelligence & the Underground Eco-System
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, as are the tools to infiltrate organizations and exfiltrate data. Underground market trends often yield clues to undiscovered breaches or targets. How does this underground economy work? How can fraudsters be tracked by their activity? What can merchants and financial institutions be doing better to protect their assets? Gain insight into this underground economy and how you can leverage threat intelligence to improve your anti-fraud defenses.
12:30 PM - 1:30 PM
1:30 PM - 2:30 PM
How to Fight Fraud with Artificial Intelligence and Intelligent Analytics
Could artificial intelligence have been used to prevent the high-profile Target breach? The concept is not so far-fetched. Organizations such as Mastercard and RBS WorldPay have long relied on artificial intelligence to detect fraudulent transaction patterns and prevent card fraud. By tracing the steps of card usage and device or endpoint access, security specialists are able to better link points of compromise and prevent fraud. How has AI evolved? How can AI solutions be used to predict and then prevent fraud? Hear the latest about emerging technologies and anti-fraud strategies.
Fraud Investigation Life-Cycle: From Forensics to Working w/ Law Enforcement
In the U.S., the Federal Bureau of Investigation and Secret Service have played critical roles in investigating financial fraud cases, tracking down the perpetrators and bringing them to justice. Among their successes: Prosecutions related to DDoS attacks, account takeover schemes and ATM cash-out scams. Yet, within many private sector organizations there remain questions about when and how to consult the FBI and Secret Service: What is their role in a fraud investigation? When should you engage the agencies? How can you participate in an investigation without compromising your own confidential information? In this session, SF agents from the FBI and Secret Service explain their roles and answer these and other common questions about fraud investigations.
Presenters: Kirk Arthur - supervisory special agent, U.S. Secret Service’s Electronic Crimes Task Force and Asset Forfeiture Section, San Francisco; Malcolm Palmore - assistant special agent in charge of the FBI’s San Francisco Division Cyber Branch; Rob Zerby - VP, Financial Crimes Manager, Financial Crimes Operations, Wells Fargo Financial Crimes Risk Management;
2:30 PM - 2:50 PM
2:50 PM - 3:50 PM
Mobile: Security Risk or Strength?
Mobile money is still in its infancy, but both usage and acceptance is growing by 50%. What are today’s key mobile security and fraud risks, and how are they evolving? How prepared are banks and technology vendors to mitigate these risks while meeting customer needs? This session provides the latest facts on usage and growth, and then shows how banks can shape digital strategy to engage customer security through every interaction channel.
Presenter: James Van Dyke - founder, Javelin Strategy and Research;
Payment Card Fraud, EMV Adoption & 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.
Panelists: David Pommerehn - Senior Counsel and Assistant VP, Consumer Bankers Association; Anton Chuvakin - Research Vice President, Gartner GTP Security and Risk Management Strategies; Mike Urban - Director, Financial Crime Portfolio Management, Fiserv; Joseph Burton - Managing Partner, Duane Morris LLP;
4:00 PM - 4:30 PM
Keynote: Future of Payment Card Security
Recent large-scale data compromises have undoubtedly captured the attention of executives and policymakers alike. Beyond the financial consequences, one positive outcome has been a renewed focus by financial institutions and retailers to advance payment system security. From EMV to tokenization and encryption, the industry must make coordinated efforts to close more opportunities for criminals to erode trust in the payment system.
Panelists: Ellen Richey - EVP, Chief Legal Officer and Chief Enterprise Risk Officer, Visa Inc;
4:30 PM - 5:00 PM
Closing Remarks: Top Fraud Threats to Watch in 2014: Technology and Legal Ramifications
We close the Fraud Summit with some summary remarks and a look ahead. ISMG’s Field will summarize key takeaways from each of the day’s sessions, with color commentary from noted panelists. Then our fraud experts will draw upon their own experience to offer new insight and a sneak peek into the evolving global fraud threats that are poised to strike organizations in the second half of 2014.
5:00 PM - 6:00 PM
Cocktail Hour & Networking
ISMG's Fraud Summits are held at convenient locations in major metropolitan areas. As the date approaches we will confirm a summit venue and hotel information for attendees. Please check back at a later time
The ISMG Fraud Summit Series is made possible through the support of it's sponsors: