Recorded Friday, June 23, 2017
10:00 am – 12:00 pm CT
Recommended for 2.5 CE Credits
Technology solutions used by retail and commercial customers for financial needs have exploded in recent years. These solutions have been coined as FinTech, for Financial Technology. This session will overview FinTech and compare them to existing solutions offered by community banks.
Many of these technology solutions leverage mobile devices to connect with consumers. This is an area in which regulators are looking to tighten controls. In general, consumers are growing dependent on mobile technologies. With threats against mobile devices increasing, a significant uncalculated amount of risk exists for banks and FinTech providers.
We will explore these current and emerging threats that target mobile devices and FinTech solutions.
In addition to the background on FinTech, Mobile Financial Services, and emerging risks, we will explore how to manage cybersecurity risks around these solutions.
- IT Risk Assessment Process
- Appropriate Information Security Program Components
- Applicable FFIEC Guidance
- Third Party/Vendor Management Practices
- Effective IT Auditing
- Board Reporting
Who Should Attend:
Information Security Officer, CIO/CTO, IT Manager, Risk Officer, Internal Auditor, Executives, and Directors looking to understand the risk around FinTech and Mobile Financial Services
Chad Knutson is a Senior Information Security Consultant and serves as President of the SBS CyberSecurity out of Madison, SD. SBS is a leader in information security consulting for the financial industry in the US. SBS works with more than 900 banks around the country on information security services such as the development of Information Security Programs, Policies, and Risk Assessments, along with performing IT Audits, Penetration Tests, Vulnerability Assessment and other security services.
Chad is a Certified Information Systems Security Professional (CISSP), Certified Information Systems Auditor (CISA) and Certified in Risk and Information Security Controls (CRISC), and received his Bachelor of Science in Computer Information Systems and his Master of Science in Information Assurance with an emphasis in Banking and Finance Security from Dakota State University. Chad has been with SBS since 2004 and has consulted with many financial institutions during this time.