The Fraud Blog with Tracy Kitten

Summits to Tackle Fraud, APT Defenses

Thought Leaders to Provide Strategic Insights

Financial fraud, fueled by cyber-attacks aimed at compromising payment cards and taking over accounts, continues to eat away at banking institutions' reputations and bottom lines.

And it's not just banks and credit unions that suffer consequences from increasingly sophisticated cyber-attacks. Advanced persistent threats are a growing concern in every sector of the economy.

See Also: Cybersecurity workforce development: A Public/Private Partnership that enhances cybersecurity while giving hands-on SOC experience to students

So what are the most critical steps that information security and fraud-prevention professionals can take to address these emerging risks?

To provide answers, Information Security Media Group has recruited thought leaders who will provide timely insights at our upcoming series of summits on financial fraud and advanced persistent threats.

These summits offer the rare opportunity to get first-hand advice from the experts and compare notes with peers on effective defense strategies.

This year, our summit series will kick off in Los Angeles with a Fraud Summit on Feb. 24 and a Global APT Defense Summit on Feb. 25. Both events will feature an impressive lineup of industry leaders who will discuss emerging cyberthreats as well as fraud and security trends.

We'll hold additional summits in several U.S. and international markets, including a March Fraud Summit in Dubai, followed by a series of other events in New York, Boston, San Francisco, Dallas and London.

Fraud Summit LA

Our Fraud Summit LA will feature presentations by several thought leaders, including:

  • Avivah Litan, an analyst for the consultancy Gartner Research, who will discuss emerging payment fraud trends and the increasing roles data analytics and technology are playing in fraud detection and prevention;
  • David Pollino, senior vice president of enterprise fraud and prevention for Bank of the West, who will address how U.S. banking institutions are enhancing efforts to share information and educate consumers about emerging fraud trends;
  • Liz Garner, vice president of the Merchant Advisory Group, who will discuss how recent retail breaches have changed merchants' perspectives about card fraud and steps they're taking to enhance security through EMV, tokenization and encryption; and
  • Tracy Wilkison, deputy chief of cyber and intellectual property crimes for the Department of Justice, who will address how law enforcement is working with government to bring cybercriminals to justice.

I'm particularly interested in some of the fraud trends surrounding payments these experts are expected to highlight. Now that the U.S. migration to EMV chip cards is in full swing, we can expect to see shifts in fraud patterns throughout the world - and this will be a key topic at our LA fraud summit.

Payments experts have been warning us to brace for upticks in e-commerce, card-not-present fraud because the use of chip cards at the physical point-of-sale will make card-present transactions more secure and less attractive targets for criminals. Now, some experts suggest that the belated U.S. shift to EMV is more likely to push card fraud in other directions, such as toward the ATM.

I'm looking forward to hearing Litan's take on how analytics and enhanced fraud monitoring can help banking institutions and retailers address these challenges and curb some the anticipated risks they create for card fraud.

During the Fraud Summit LA, we also will preview results from our 2015 Faces of Fraud Survey, which offers insights about the latest fraud trends and fraud-prevention investments.

APT Summit

Our Global APT Defense Summit LA will appeal to a wider audience because experts will discuss how today's emerging cyber-attacks are threatening all business sectors.

Our expert presenters will include:

  • Matt Baker, former director of intelligence for the Air Force Cyber Command, and Dale Meyerrose, retired Air Force major general, who will review how cyber-intelligence is helping government and other sectors battle APTs, and why understanding more about our adversaries is so critical;
  • William Perry, CISO at California State University, who will discuss how universities are being targeted by advanced adversaries; and
  • Patrick Vowles, ISMG's director of content, who will explain why all sectors must work to defend their networks through a deeper understanding of exactly what constitutes an advanced persistent threat.

To learn more about all of the upcoming summits, please visit our events page.

About the Author

Tracy Kitten

Tracy Kitten

Former Director of Global Events Content and Executive Editor, BankInfoSecurity & CUInfoSecurity

Kitten was director of global events content and an executive editor at ISMG. A veteran journalist with more than 20 years of experience, she covered the financial sector for over 10 years. Before joining Information Security Media Group in 2010, she covered the financial self-service industry as the senior editor of ATMmarketplace, part of Networld Media. Kitten has been a regular speaker at domestic and international conferences, and was the keynote at ATMIA's U.S. and Canadian conferences in 2009. She has been quoted by, ABC News, and MSN Money.

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