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Virtual Cybersecurity Summit: Fraud & Payments Security

August 17, 2021

Register Now

WELCOME / Summit Overview

Enterprises globally have proven the business case for a 100% remote workforce and customer base, and now the traditional banking institution may be forever changed. So, too, is the fraud landscape. ISMG’s annual Fraud Summit will address topics ranging from New Account Fraud, Payments Fraud, Phishing and Email Fraud, Insider Risk, as well as emerging fraud controls that include Machine Learning, Behavioral Analytics, Biometric Authentication and much more.

Join experts in the field at our virtual summit to learn how to best adapt and balance productivity, accessibility and security.

Details

Free Registration

Live: Aug 17th

Register Now

Registering For a Group?
Call + 1 (609)-356-1499

   Members of the ISMG Community

  • Event Gallery

Eugene Liderman

Director of Mobile Security Strategy, Google

Rohit Ghai

President, RSA

Sam Curry

Chief Security Officer, Cybereason

Tom Field

SVP - Editorial, ISMG

Michael Chertoff

Executive Chairman, The Chertoff Group

Gen. Keith Alexander (retired)

Mathew J. Schwartz

Executive Editor, DataBreachToday & Europe

Art Coviello

former CEO, RSA Security; Venture Partner, Rally Ventures

Past Speakers / featured Fraud & Payments Speakers

Rocco Grillo

Managing Director, Global Cyber Risk & Incident Response Services Alvarez & Marsal

Jeffrey Brown

CISO, State of Connecticut

Harshad Agashe

VP of Product, Emailage

Carey O'Connor Kolaja

Chief Operating Officer, AU10TIX

Ameya Talwalkar

Co-Founder and Chief Product Officer, Cequence Security

Mark Horne

CMO, Pindrop

Michelle Arguelles

Senior Product Marketing Manager, Sift

Josh Johnston

Director of AI Science, Kount

André Ferraz

CEO & Founder, Incognia

Glenn Cobb

Director, Solution Engineering, PayPal

Rick Garza

Senior Manager, Solution Engineering, PayPal

Partha Sarathy

Global Fraud Architect, Shape Security

Andres Rapela

AVP of Secure Payments, Federal Reserve Bank

Patrick Ford

CISO, Americas, Schneider Electric

Diego Szteinhendler

N.A. SVP of Business Development for Cyber and Intelligence Solutions, Mastercard

Jeff Dant

Managing Director, Fraud Operations & Intelligence - Enterprise Fraud Management, BMO Financial Group

Fraud & Payments Security Agenda / Session Date & Times



  • Tuesday, August 17th

  • Hall A
  • Hall B
  • Hall C
  • Hall D
9:00 am -
9:30 am
9:00 am - 9:30 am

Registration & Exhibit Browsing

9:30 am -
10:00 am
9:30 am - 10:00 am

Financial Crime and Fraud Fusion 2021

Speaker:
Jeff Dant, Managing Director, Fraud Operations & Intelligence - Enterprise Fraud Management, BMO Financial Group

Financial crime has seen some unique spikes in the past year, and banking institutions are taking extraordinary steps to coordinate their detection, prevention and response efforts - much like their fraud fusion centers. Jeff Dant, a former U.S. Secret Service agent, now plies his skills at BMO Financial Group, where he's dealing not only with financial crime ever more persistent fraudsters ... but the impacts of the COVID-19 pandemic. In this session, Dant discusses

  • Financial crimes and a holistic response
  • The evolution of the Fusion Center concept;
  • How COVID-19 has impacted fraud schemes and how we defend against them
10:00 am -
10:30 am
10:00 am - 10:30 am Track A

Defending Your APIs Against Industrialized Cybercrime

Speaker:
Ameya Talwalkar, Co-Founder and Chief Product Officer, Cequence Security

With APIs pervasive across your organization, powering apps, and enabling digital transformation, you need to consider whether your existing infrastructure and security tools can identify security gaps before they become incidents and if they can withstand an industrialized attack. API coding errors and malicious bots are a significant cause of fraud and theft-related revenue losses, infrastructure overspending, poor customer experience, and brand damage.

In this talk, we'll explore several case studies of API attacks and techniques and discuss what's needed to protect your applications and your business from suffering damages.

Key takeaways

  • How attackers are evolving to bypass detection
  • How cybercriminals beat traditional approaches
  • How Machine Learning and AI can provide help detect and defend against malicious bots
  • Why an end-to-end API security strategy is imperative to making your apps less attractive to criminals
  • 10:00 am - 10:30 am Track B

    Going to the Dark Side of Fraud: Expecting the Unexpected

    Speakers:
    Glenn Cobb, Director, Solution Engineering, PayPal
    Rick Garza, Senior Manager, Solution Engineering, PayPal

    Managing fraud and risk is a top challenge for businesses, which not only effects the bottom line, but also the customer experience and the ability to scale. Nearly 50% of businesses indicate that their customers are more sensitive to friction imposed by anti-fraud measures than they were a year ago*. Businesses need an adaptive approach to successfully mitigate evolving fraud early in the customer journey - before it impacts other business areas and becomes an unexpected problem.

    Join Glenn Cobb, Senior Solutions Engineering Manager, and Rick Garza, Senior Solutions Engineer as they:

    • Take you to the dark side and help you understand the life of a fraud attack on the dark web
    • Discuss effective techniques to uncover emerging fraud schemes
    • Demonstrate how businesses can adapt to shifting fraud by automizing rules
    • Demonstrate how Simility's powerful analytics engine helps businesses adapt to shifting fraud by automatically optimizing rules and suggesting new ones using integrated models.
    • Discuss how using a variety of data feeds and having the flexibility to quickly add new ones can lead to more accurate decisioning
    10:30 am -
    10:45 am
    10:30 am - 10:45 am Track A

    The Next Wave of AI Technologies to Enhance your Fraud Platform

    Speaker:
    Josh Johnston, Director of AI Science, Kount

    Artificial Intelligence in the 2010s was dominated by machine learning, with deep neural networks and reinforcement learning delivering advancements in image captioning, natural language translation, and game playing. But the unstructured, changing nature of fraud was ill-suited to the complexity of machine learning, slowing the advancement of automated fraud detection. During this session, we'll discuss:

    • Criteria to identify high-ROI AI opportunities including the successes and challenges Kount has seen pursuing them
    • How next wave AI technologies like network analysis, expert knowledge transfer, and small sample learning may be better suited to the fraud domain than supervised machine learning
    • Strategies for maturing AI and ML teams and broadening the ability to incorporate these technologies
    10:30 am - 10:45 am Track B

    Tech Spotlights: Beyond the Chargeback: Combatting payment fraud with Digital Trust & Safety

    Speaker:
    Michelle Arguelles, Senior Product Marketing Manager, Sift

    The global events of 2020 have dramatically accelerated the shift to online payments across industries. Changes in consumer preferences have led to growth in ecommerce, online banking, cryptocurrency, and more. Adapting a Digital Trust & Safety solution that is capable of stopping multiple types of payment fraud, can protect both the business and their customers from financial loss-all while enabling a frictionless user experience.

    10:45 am -
    11:00 am
    10:45 am - 11:00 am

    Break

    11:00 am -
    11:30 am
    11:00 am - 11:30 am Track A

    Fighting Fraud in a Hyper-Digital World: Intelligence, Interdependence, and Impact

    Speaker:
    Diego Szteinhendler, N.A. SVP of Business Development for Cyber and Intelligence Solutions, Mastercard

    In today's digital world, fighting fraud requires more than just layers of security in the consumer journey. It requires an insights-based approach of interdependent technologies to secure the online experience, before, during, and after the transaction. While it is typical for organizations to have fraud and risk measures in place, there may be opportunities to bolster any security strategy. In order to fight the fraud of the future while also ensuring a more seamless user experience, payment security needs to be dynamic, intelligent, and connected. At Mastercard, we call this the Connected Intelligence approach. In this discussion we will discuss:
    • Fraud trends and the importance of recognizing their importance in a data-driven world
    • What to consider when thinking about an interdependent, intelligent approach to fraud prevention and security
    • The future of fraud defense and the delicate balance between security and the experience
    11:00 am - 11:30 am Track B

    Fake Person, Real Losses: How Are You Combatting Synthetic Identity Fraud?

    Speaker:
    Adam Wehrenberg, AVP Secure Payments, Federal Reserve Bank of Boston

    Digital technologies have revolutionized how operators and users interact with the U.S. payments system as new products emerge, back-end operations change and user experiences are enhanced. However, alongside these innovations come unforeseen payments security threats. As the dark web fills with stolen personal information elements that are available at a relatively low cost, fraudsters are increasingly exploiting the lucrative financial scheme of synthetic identity payments fraud. Continuing its commitment to payments security and industry collaboration, the Federal Reserve launched an initiative focused on researching, educating and generating payments industry dialogue on this fast-growing financial crime. During this session, a Federal Reserve executive will discuss various causes of synthetic identity fraud, gaps and detection methods and mitigation strategies the industry is leveraging to combat this fraud. Take advantage of this opportunity to better understand synthetic identity fraud, how various industries are affected and approaches your organization can take to reduce this threat.
    11:30 am -
    12:00 pm
    11:30 am - 12:00 pm Track A

    Synthetic Identity Fraud: Another Pervasive Virus We Must Fight Together in 2020

    Speaker:
    Carey O'Connor Kolaja, Chief Operating Officer, AU10TIX

    Fraudsters leverage networks to amplify attacks - isn't it time we do the same to strengthen our defenses? In our rapidly forming remote world with increased frequency of digital interactions, fraud fighting strategies need a boost. Carey O'Connor Kolaja will walk us through the rise of synthetic fraud, the changes it demands of identity verification flows and predictions for what's possible through collective action and information sharing as a business community.

    11:30 am - 12:00 pm Track B

    Keep Ahead of the Fraudsters: Product Innovation and Scaling in Fraud Prevention

    Speaker:
    Harshad Agashe, VP of Product, Emailage

    With changing customer behaviours, fraudsters are quick to find the loop holes in your strategies and systems. How do we tune product development and innovation to effectively stay ahead of the frauders? Learn from different experiences across companies and customers. Discover simple strategies to scale your fraud prevention effort.

    12:00 pm -
    12:30 pm
    12:00 pm - 12:30 pm Track A

    Effective Fraud Prevention - It Takes a Village

    Speaker:
    Mark Horne, CMO, Pindrop

    Fraud prevention is more about matching voice prints, anti-spoofing, or asking a certain number of questions, true fraud prevention requires a masterful understanding of how fraudsters operate throughout the entire organization, not just the online channel or a call center. While most organizations are monitoring online activities, websites, mobile app usage, but fail to actively monitor every channel that bad actors use today. Without inclusion beyond a single channel, a single department, single factor, fraud will always find a way to reach beyond these silos. Learn from Pindrop's experts on fraud prevention methodology, how and where to leverage AI, and where some of the biggest gaps in fraud prevention strategy reside.

    In this session you will learn:

    • How fraud moves through your organization
    • 3 essential pillars needed to run a successful fraud prevention practice
    • Leveraging ML and AI for fraud prevention to help identify who is "At-Risk"
    • Best practices around consumer education and employee empowerment
    12:00 pm - 12:30 pm Track B

    Accelerated Consumer Digital Adoption - Slashing Fraud and Increasing Revenue

    Speaker:
    Partha Sarathy, Global Fraud Architect, Shape Security

    As online activity increases and digital footprints expand, so too does the overall digital attack surface. 2020 has been marked by soaring data breaches, leaks, new attack patterns and phishing scams related to COVID-19. The pandemic has compounded fraud and abuse and greatly accelerated consumer digital adoption and consequently business digital transformation.

    Truly effective digital transformation journeys should always be cross-functional and silo-busting in nature. Different departments must be encouraged to think beyond their traditional borders, interact with adjacent functions, and intimately understand how their work can both boost revenue and reduce cost.

    Join Shape Security to learn how the fraud rhetoric has adapted to encompass a newly converged approach - one that persists and correlates security defenses to better enable business results.

    12:30 pm -
    12:45 pm
    12:30 pm - 12:45 pm

    Location Behavioral Biometrics for Frictionless Mobile Fraud Prevention

    Speaker:
    André Ferraz, CEO & Founder, Incognia

    With the rapid shift to mobile, learn how location behavioral biometrics is providing a competitive edge for banks, fintech and mcommerce companies in the fight against fraud. Using each user's unique location behavior pattern, Incognia behavioral biometrics creates a dynamic location fingerprint, unique to each mobile user, that is extremely difficult for fraudsters to mimic or forge, and is highly effective in detecting fraud, reducing false positives and increasing conversions. Learn how companies with mobile apps are using Incognia location behavioral biometrics to enable frictionless user ID verification, dynamic adaptive authentication, and enable secure transactions.

    12:45 pm -
    1:15 pm
    12:45 pm - 1:15 pm

    The New Era of Fraud - The Evolving Threat Landscape

    Speakers:
    Jeffrey Brown, CISO, State of Connecticut
    Patrick Ford, CISO, Americas, Schneider Electric
    Rocco Grillo, Managing Director, Global Cyber Risk & Incident Response Services Alvarez & Marsal

    The cyber threat & fraud landscape is ever-changing, and the attackers are upping the game with more sophisticated and advanced attacks on the organizations. Our panel of cybersecurity industry leaders will cover how to detect, mitigate and navigate through the emerging risks.
    1:15 pm -
    1:45 pm
    1:15 pm - 1:45 pm

    The FraudClassifier Model: Better Fraud Data. Better Defense

    Speaker:
    Andres Rapela, AVP of Secure Payments, Federal Reserve Bank

    The lack of an accepted and consistent manner for categorizing payment fraud losses has created industry-wide challenges with collecting fraud data, identifying trends and mitigating risks in a timely manner. In 2019, the Federal Reserve convened industry stakeholders from across the payments ecosystem to create the Fraud Definitions Work Group and address these challenges. This diverse group of industry professionals developed the FraudClassifier Model along with a roadmap to encourage industry adoption. In this session, Fed executive Andrés Rapela will discuss the final deliverables of the work group, the long-term industry values of this Model and steps your organization can take to join this effort toward fighting fraud smarter and quicker.
    1:45 pm -
    2:00 pm
    1:45 pm - 2:00 pm

    Exhibit Browsing

    2:00 pm -
    5:00 pm
    2:00 pm - 5:00 pm

    On-Demand Viewing

    View Schedule

    PAST SPONSORS / Supporting Organizations

    AU10TIX
    Cequence Security
    emailage
    Incognia
    Kount
    Mastercard
    Pindrop
    Sift Science Inc.
    simility a Paypal service

    VIRTUAL SUMMIT DETAILS / what to expect at our virtual event

    View sessions, chat with speakers and technology experts in our Interactive Exhibit & Networking Experience, and browse our Resource Center to download educational assets to review post-summit.

    If you miss any live sessions, feel free to log in and view on demand at your own pace. Session recordings will be available in our virtual environment after the live agenda has ended.

    ISMG Virtual Summit Attendee Guide
    For more information please download our ISMG Virtual Summit Attendee Guide.

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    World's First CISO Weighs in on the Technologies and Trends Shaping 2019

    The Challenge of Fighting Identity Fraud

    IBM's Shaked Vax on Emerging Technologies to Assure Digital IDs

    A Common Sense Guide to Mitigating Insider Threats

    Randy Trzeciak of CERT Reviews the Latest Research

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    +1 (609) 356-1499
    events@ismg.io

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