What do bad grammar, Careerbuilder, and FedEx have to do with bank robbery? Let’s see. Because that’s where the money is. According to FBI statistics, the number of physical bank robberies has been steadily declining. The average dollar loss during a physical bank robbery too has declined and is in the tens of thousands of dollars. Physical bank robbery has given way to electronic versions of the crime, which are on the rise. The crime is the same, the tactics are actually the same, but the tools and techniques are on a whole new level.

Tying the pieces together: The reality of the multitude of security vulnerabilities, threats, lapses, and control gaps that you see almost daily is that they can and do result in tangible losses to organizations big and small. In this session, we’ll review current security threats that alone are obvious problems, but that when connected together, form a chain of events that has led to the loss of significant amounts of money. We’ll explore individual cyber threats and vulnerabilities in the context of a real bank heist. We’ll look at the events that led up to, enabled, and resulted in the theft of huge sums of money.

Bernie Cowens, Vice President, CISO at First American

Bernie brings substantive experience in information security, risk management, privacy and compliance expert. He is a security and technology executive with fortune class company experience in the financial services, high technology, banking, retail, and government sectors. He has experience with multiple successful control and compliance projects including PCI DSS compliance; Sarbanes-Oxley / Model Audit Rule controls and compliance; identity management; Gramm-Leach-Bliley; Health Insurance Portability and Accountability Act / HITECH Act controls and compliance.

• “Vendor Management Changes” – As a discussion forum, we will be examining vendor management changes to address risks as identified by the Consumer Financial Protection Bureau (CFPB) ( Fraud and Reputation Risk) and the Office of the Comptroller of the Currency (OCC) (Operational Risks).
  
• “Changes to California Breach Law” – The second discussion will be regarding the changes in the California Breach Law and how it aligns to Federal Law.

Rich is a consultant and former banking regulator. He is listed as a contributor / reviewer for the SOC 2 User’s Guide. In his past, Rich has been CIO, Managing Director of Consulting and Audit.

Josh Chin is Director of Net Force, a security and risk management firm.

Note: No recording devices permitted–to encourage open participation. There will not be handouts. Please do bring your note pads.

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