Rise in Cybercrime Tops the Agenda at ATM & Cyber Security 2019

Rise in Cybercrime Tops the Agenda at ATM & Cyber Security 2019
09.07.2019 07:20 am

Rise in Cybercrime Tops the Agenda at ATM & Cyber Security 2019

Payments , ATMs , Security

Recent high profile cyber attacks and increasingly sophisticated threats to ATMs are creating a challenging security environment for the banking industry. At RBR’s ATM & Cyber Security 2019 banks will come together to learn from experts representing organisations such as Google, Barclays Bank, CaixaBank, Nationwide, SEB and the UK Police

Understanding the scale of risk is essential

The vast amount of customer data and financial assets held by banks makes them natural targets for cyber attacks, but many banks do not know how to measure cyber risk effectively. Google will outline how important it is that banks understand the value of their digital assets and to move beyond thinking of cyber risk as just an operational concern.

Trust lies at the heart of what any bank does; customers need to believe that their bank will keep their money and their data safe. As criminals become ever more sophisticated, banks must stay one step ahead. Digitisation is increasing the threat of social engineering and delegates will hear from SEB about the newest methods fraudsters are using to recruit insiders, while Coventry Building Society will look at ways in which these insiders might attack an organisation.

Organisations need to prepare for data breaches

Given that most security experts think that cyber attacks are now a matter of “when” not “if”, the industry should prepare itself for large scale data breaches. ABANCA will outline how banks can improve their organisational resilience and experts from BLM Law and Marsh will talk about the role of dedicated cyber insurance in mitigating risk. Deloitte will address the need for organisations to have a plan which will support and protect their customers in the event of a cyber incident.

As banks, spurred on by the Big Data Revolution of recent years, adopt the cloud risk, controls that may have been historically appropriate might no longer be fit for purpose. Barclays Bank will guide delegates through some of the cyber risks involved in moving to the cloud and suggest ways in which these can be mitigated.

ATMs still an attractive target

In addition to cyber risk, the new and ongoing threats to ATMs will be discussed in detail by a range of ATM security experts. Barclays, Nokas, NoteMachine and the UK Police will talk about measures that can be deployed to counter the unrelenting rise in physical and cyber attacks. Much has been made of the promise of biometrics to improve ATM security and a number of bank case studies will show how this can work in practice.

Exhibition showcases latest ATM and cyber security solutions

Running parallel to the world-class speaker agenda is a dynamic exhibition area, showcasing cutting- edge physical and logical security solutions. Confirmed exhibitors include: Axis Communications, BlocBox, bvk, Cennox, Genetec, GMV, JAR Tracking, KAL, Lockpoint, March Networks, MIB, Oberthur, PINGuard, Scotia, SMARTSTAIN, Spinnaker, S21Sec and TMD Security.

Unique opportunity for networking and sharing best practice

ATM & Cyber Security 2019 brings together 400 senior bank executives and industry partners in a unique learning and networking environment. RBR’s managing director, Dominic Hirsch, says about the event: “With the threat profile increasing every year, ATM & Cyber Security 2019 offers banks the opportunity to learn from each other and discuss in person the best responses to the common challenges that the industry faces. Throughout the year there really is no other event that provides this type of forum”.

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