Fraud Summit - Chicago 2014 - 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 an overview 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.
Following the recent slew of retail breaches at Target, Sally Beauty and other establishments, banking/security leaders are tired of taking the consumers' blame - and they want to see changes in how merchants conduct and process secure payments. This is the resonant message of the 2014 Faces of Fraud Survey, subtitled The Impact of Retail Breaches.
Some key findings to be discussed in this panel:
70% of respondents say they were impacted by the Target breach;
48% believe the breached merchants ultimately should be held responsible for the compromises.
In this session, Tom Field of Information Security Media Group presents highlights from 2014 Faces of Fraud survey. He then leads a diverse and expert panel to analyze these results and provide advice for how best to put the survey findings to work.
Among the other topics to be discussed:
2014 Faces of Fraud - What are the primary types of fraud against banking institutions, and where are the biggest security gaps?
Deeper Dive - How have specific forms such as account takeover and insider fraud advanced in the past year?
2015 Fraud Agenda - Where will institutions make their biggest anti-fraud investments in the year ahead?
Ingevaldson has over 15 years of experience protecting some of the world's biggest organizations from next-generation threats. As Easy Solutions' CTO, he defines and executes the strategies for researching and creating the next phase of Total Fraud ProtectionÂ® products. Ingevaldson spent a decade at Internet Security Systems, Inc., where he held various roles in research, management, consulting and strategy. He formed part of the "X-Force" R&D group that would become the most productive and influential independent vulnerability research group in the industry. Ingevaldson also occupied an important role as an ISS public spokesperson, sharing his expert opinions with media outlets and speaking at conferences on topics such as emerging threats, market trends and risk forecasting.
Former CISO, PNC Bank
David is an experienced security and risk executive with over 25 years of experience in information security, fraud prevention, and risk management. David has focused on financial services for 20 years and was the Chief Information Security Officer of Bank of the West and a Divisional CISO at PNC. David has held multiple leadership positions in Security and Fraud including Wells Fargo, Washington Mutual, and Charles Schwab. David has authored multiple books and whitepapers focused around Cyber Security and Fraud. David is a Certified Fraud Examiner, Certified Information Systems Security Professional (CISSP), and frequently quoted in the media on security topics.
Executive Vice President & Enterprise CIO, Regions Bank
Speare joined Regions in 2013 and serves as the head of governance and integration. Regions is a top U.S. bank-holding company headquartered in Birmingham, Ala., with $117 billion in assets, operating approximately 1,700 banking offices in 16 states. In this role, Speare has responsibility for information security; check, ATM/debit, and credit card fraud operations; and systems integration for consumer, business and commercial banking groups. Prior to assuming his current role in 2013, Speare was the chief technology officer for M&T Bank, an $82 billion financial institution based out of Buffalo, N.Y.