Cybersecurity & Third-Party Risk Management Bundle On Demand

Hire a Hacker
Speaker: Rob Shapland, Head of Cyber Professional Services, Falanx Cyber
 
More and more banks are employing so-called “ethical hackers” to locate the cracks in their cybersecurity frameworks. Learn about what ethical hackers do and the very latest cyber threats to financial institutions in this informative session.
 
Preparing for Open Banking
Speakers: 
- Craig Borysowich, Principal Technology Architect, Payments Canada
- Stella Cabrera, Chair of the RMA Toronto Chapter
- Biju Suresh Babu, Managing Director, Banking & Financial Services, Fiorano Software
-Simon Kalechstein, Sr. Partner, IBM Financial Services
- Michelle Beyo, CEO & Founder, Finavator
 
Open banking will allow consumers and businesses to have information at their banks shared with other banks and fintechs, helping them more easily optimize their services and shop for better rates. It will also present a host of risks and opportunities that institutions must prepare for. Learn about examples of and experiences with open banking in jurisdictions where open banking is already a reality, and how to make the coming system a benefit to your bank.

Ransomware: Cyber And Regulatory Concerns
Speaker: Annmarie Giblin, Founding and Principal Attorney, Giblin Law PLLC
 
Cybersecurity has been identified by RMA as a top risk for financial institutions for awhile now. Recently, a specific type of cybersecurity, ransomware, has been phishing its way into and wreaking havoc on security systems at financial institutions. It is now a major risk and regulatory concern for financial institutions, with the threat of ransomware now attracting its own regulatory attention.
 
C-suite, risk managers, insurance managers, compliance professionals, and legal professionals at financial institutions will not want to miss out on this timely webinar. Annemarie Giblin, a cyber attorney and thought leader in the legal arena of cybersecurity, will walk participants through the current and growing ransomware risk that financial institutions are facing, as well as dig into the increasing regulatory concerns surrounding ransomware, including the recent federal guidance on ransomware.

We will discuss best practices for how to minimize these ransomware risks, including a discussion on cyber incident response planning and how to best address these risks within an institution’s overall compliance program.
 

A Risk Management Framework for Managing Fintech Partnerships & Third-Party Relationships (GCOR Session June 8, 2021)
Speakers: 
- George Buchanan, Chief Risk Officer- Consumer and Wealth Management, Regions Bank
- Marty Mitchell, Managing Director, ProBank Austin
 
Technology has introduced a wide array of new entrants into the financial services industry, causing considerable disruption to the traditional banking activities of gathering deposits, making loans, and managing investments. As a result, many banks are seeking ways to partner with third-parties in an effort to educate themselves, provide a pathway to new capabilities, and generate additional sources of revenue growth. These partnerships require thoughtful planning, a well-defined strategy, and examination of various risks and potential mitigation strategies that must be considered.

This session will provide a framework for risk management and business leaders to consider as they evaluate various partnership options, illustrating the impact this framework can have on the overall control environment while also providing clear and tangible evidence to internal and external oversight bodies of a well-planned, thoughtfully executed approach to these engagements. 
 
Key Takeaways for Participants:

• Examine the critical risk implications that should be considered prior to exploring partnerships with fintech organizations.
• Gain insight into successful creation of strong controls and governance practices; understand how this benefits the Bank and partner organizations.
• Understand the key monitoring processes that are necessary to success and how these can be leveraged to mitigate risks. 

De-Risking Third Party Concentration Risk (GCOR Session, June 10, 2021) 
 
Speaker: Linda Tuck Chapman, CEO, Third Party Risk Institute Ltd. Author of Third Party Risk Management: Driving Enterprise Value
 
Third party concentration risk can be a double-edged sword. There are many types of third party concentration risk – activity, entity, geographic, and cloud. These concentrations bring scale, delivering measurable benefits that come from scaling up, notably lower direct and indirect costs. But a serious risk event will have a commensurate impact on your organization’s resiliency, customers, and cost to recover.
 
During this session, you’ll learn:

• The most prevalent types of third party concentration risk
• Identifying exposure and understanding the implications
• How 4th party relationships impact third party concentration risk
• If and how to mitigate third party concentration risk