Protecting Your Financial Institution From the Latest Electronic Criminal and Fraud Threats: Lessons to be Learned

• Overview

Learn the risks targeted against the institutions' commercial accounts, which historically are the largest loss-events experienced by banking enterprises.

The Federal Bureau of Investigation's dedicated cyber crime Special Agents have unique resources and information to share with financial institutions seeking to protect themselves and their customers from Internet initiated account take-over attacks and electronic ACH and wire fraud. By understanding the cyber underground economy and the wrongdoers' favored attack tricks and venues, the financial institutions' treasury management, fraud and IT professionals can better leverage their limited resources, time and infrastructure to mitigate evolving electronic banking threats. Financial institutions, small and large, will learn from cyber-crime experts about the current and evolving cyber threats based on actual national experience. This topic will focus on risks targeted against the institutions' commercial accounts, which historically are the largest loss-events experienced by banking enterprises. This unique information will be explained within the context of the legal framework under which real cases are won or lost. Best practices will be shared so that attendees can learn what to do before, during and after the cyber attacks. Special thanks is also sincerely offered to the FBI for recognizing that presenting this valuable information via this format will be of particular benefit to the many small and medium-sized institutions whose limited budgets too often keep them from sending their key personnel to attend in-person at other important national cyber-banking conferences.

Authors

Agenda

War Stories About the Nation's Most Litigated Account Take-Over Attacks, i.e., Lessons to Be Learned From Other's Expensively Gained Experience

Overview of the Law Under Which Cases Are Won and Lost

Understanding the Criminal Economy of Cyber Crime

Current and Evolving Practices Favored by the Bad Guys to Attack Financial Institutions and Their Commercial Customers

Best Practices to Prevent Becoming Another Victim of Cyber Crime

Preserving the Crime Scene and Recovering the Money While There Is Still a Chance