Annual Financial Services Cyber Security Forum 2021

May 25th, 2021

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 May 25th, 2021  

Annual Financial Services Cyber Security Forum 2021

Event submitted on Wednesday, March 24th 2021, approved by Content Team

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May 25th, 2021
United Kingdom » 
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* Due to COVID, it is most likely that this event will be online - but please make sure! The situation is constantly changing...
This event is part of a series managed by City & Financial Global

 Our Review

One of the best FinTech/Financial Services security events of the year. If you’re working in finance in the United Kingdom then we’d highly encourage you to get involved with this event. The latest cyberattack on SolarWinds served as a wake-up call to us all, and indeed, its effect is uncertain at this time. This hack served as a timely reminder to financial institutions that they should not be complacent about their cyber defenses. If banks and other financial services firms want to remain one step ahead of increasingly sophisticated and technologically capable cybercriminals, they must continue to invest in systems and people. As a result, it is critical for financial institutions to stay up to date on the constantly evolving threat environment and the most successful defenses available.

- Review written by Henry Dalziel on Wednesday, March 24th 2021.
- If you would like to edit or ammend facts in my review please either send us a message or connect with me via LinkedIn.

Conference Event Summary

The following description was either submitted by the Conference Organizer on Wednesday, March 24th 2021, or created by us.

The COVID-10 pandemic has been an unsettling time for the global banking and financial sector, and the enormous disruption that followed has allowed cybercriminals to exploit financial institutions more than usual. National lockdowns catalysed the process of digitalisation across all financial services, as digital became the only way for businesses to function. While bringing efficiencies, it also exposed the FS industry to an unprecedented level of vulnerability.

We are delighted to announce that Lyndon Nelson, Deputy CEO and Executive Director, Regulatory Operations and Supervisory Risk Specialists, Bank of England will be delivering the keynote opening address at this year’s virtual summit.

Cyber criminals have capitalised on the rapid digitalisation of the industry. Attackers are improving their tactics and techniques faster than security teams can keep up and their methods grow more sophisticated each year. This puts the onus on financial institutions to ensure that they have the latest state-of-the-art cyber protections in place to protect their systems and their customers’ data.

The recent SolarWinds cyberattack was a wake-up call to the world. Its full impact is, as yet, unknown, but is expected to be significant, given the level of access is provided. It served as a timely reminder to financial institutions that complacency about the adequacy of their cyber defences in misplaced. Banks and other financial services companies need to continuously invest in systems and people if they are going to stay one step ahead of increasingly sophisticated and technologically very capable cybercriminals. It is therefore vital for financial institutions to keep themselves well informed about the rapidly changing threat landscape and the most effective defences that are available to counter these threats.

The 6th Annual Financial Services Cyber Security Forum, which will take place virtually on 25 May, is specifically designed to address these needs. This year’s edition builds on the success of our 5 previous cybersecurity sectoral summits, which have enjoyed the support of the National Cyber Security Centre, NCA, NHS Digital, FCA, HM Treasury, Energy UK, UK Finance and other top industry bodies.

The programme has been designed to address the key issues that have been identified as being of most concern to organisations during this period of increased cybercrime activity. During this highly focused one-day event you will receive practical advice on how to prevent malicious cyber activity, how to build a strong and lasting cyber-defence plan, and how to deal with the incidents if they have already happened.

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