600 international banking executives from 45 countries will gather in Miami on October 29 and 30 to address the latest strategies aimed at protecting financial institutions against this growing threat.
Miami, June 13, 2018 – As the ever-growing threat of cybercrime continues to present enormous challenges to every industry in every corner of the globe, financial institutions in particular—preferred targets of well-funded, highly skilled cybercriminals—are struggling to keep up against attacks that are rapidly increasing in frequency, scale and sophistication. With cybercrime damages expected to cost the world upwards of US$6 trillion annually by 2021, the reactive approaches of the past are no longer sufficient.
CELAES 2018, organized by the Florida International Bankers Association (FIBA) and the Federación Latinoamericana de Bancos (FELABAN), will bring together the biggest players and brightest minds in international banking to examine trends, share knowledge and discuss the data, case studies, strategies and best practices that are shaping the financial cybersecurity landscape.
“We need a new mindset. Cybersecurity must be embedded in the company’s culture,” says David Schwartz, FIBA’s President and CEO.
In addition to increased investment in technology and personnel, Schwartz believes organizations need a new, integrated approach: “This is no longer solely a problem of the CISO. Different areas of the company—IT, lines of business, management, vendors and customers—need to be involved.”
One of this year’s keynote speakers will be Chris Roberts, a highly respected hacker and researcher who gained global attention for hacking into airline computer systems and briefly taking over control of a plane’s engines while aboard a flight, in an effort to demonstrate the vulnerability of its flight control system.
In his keynote presentation, “Inside the Mind of a Hacker,” Roberts will aim to help attendees spot the vulnerabilities within their own infrastructures, a critical need for financial institutions, which he believes are behind the curve. “Most banks are playing catch up with insufficient budgets, technology or important resources (humans),” he says. “We’re playing chess against the criminals and we’re missing our queen and both rooks.”
In addition to providing an opportunity for industry executives to discover the innovative, real-world solutions to their biggest financial cybersecurity challenges, the conference is also a high-impact networking platform for professionals from Latin America and the international banking community.
Among the themes to be discussed by the six hundred international banking executives from 45 countries expected at the event are: control and risk management, intelligence sharing, how Latin America is addressing cybersecurity, cryptocurrencies and blockchain, law enforcement perspectives on cybercrime, and more.
The conference is sponsored by leading global institutions, including: Plus Technologies, Ethoca, Abloy, Axis Communications, Certisur, Converus, Crossmatch, DMP, Easy Solutions, Facephi, HID Global, March Networks, RSA, Trustwave Holdings Inc. and Vasco Data Security Inc.
Founded in 1979, the Florida International Bankers Association (FIBA) is a non-profit trade association that provides comprehensive support to the global financial services industry through education, conferences and advocacy. Its members include some of the largest financial institutions and most influential organizations worldwide. FIBA is recognized by the financial services industry, regulators, and authorities as a Center for Excellence for its knowledge and expertise. www.fiba.net
The Federation of Latin American Banks (FELABAN) is a non-profit entity founded by banking associations and other agencies from 19 Latin American countries in Mar del Plata, Argentina, in 1965, and it includes over 500 regional banks.
Its goals is to promote and facilitate communication, understanding and relationships between financial entities; to support the coordination of criteria and the unification of general banking and financial practices in Latin America; to cooperate with economic development; to promote well-being; and to procure greater access to financial services for low income populations. www.felaban.com
(954) 661 4612