WHO’s in Your Wallet?
Cybersecurity continues to increase its impact on financial institutions. Major (and minor) cyber incidents that continue to hit financial institutions, as we saw with First American Financial Corporation, Capital One, Firth Third, and Dave (mobile banking app), remind us of the risks in our industry. In this session, we will review the top cybersecurity threats facing financial institutions and review case studies to pull out essential lessons learned. This information will provide you with a solid foundation for making more informed decisions in providing oversight and direction for your institution. We will also review the cybersecurity responsibilities of the Board and provide a list of activities that can be used to increase involvement in information security. New legal precedents are being set that increase the liability for Directors of financial institutions.