Cybersecurity ’17: First day covers wide range

Cyber '17 Monday photosJune 5, 2017 -- The first day of the 2017 Cybersecurity Symposium featured nine hours of presentation and dialog that covered a wide range of topics, by expert speakers. Among the highlights:

  • NCUA Board Member Rick Metsger told the group of about 150 credit union regulators, practitioners and cybersecurity experts that the agency is working to adapt its policies to stay current on changes in cybersecurity challenges. “Things are changing all of the time; input back from you on our policies is very important,” Metsger said.
  • Jim Stickley, president and CEO of Stickley on Security, focused on the workings of the “dark web,” which offers a wide variety of nefarious products and services, including those related to ID theft. “Everybody in the ID theft chain makes money,” Stickley said, “that's why it is taking off, surpassing even the drug trade.”
  • Phishing attacks remain the root cause behind major cyber attacks, master of ceremonies Randy Romes of CliftonLarsonAllen (CLA) told the group, stressing that managing cybersecurity is similar to the motto of the Boy Scouts: “Be prepared.”
  • Mau Castanheiro of Verafin, in discussing combatting cyber crime, noted that “business email compromises” (or thefts conducted via email) are leading to large losses and significant financial or reputational risk – particularly when vulnerable victims are scammed through efforts appealing to romance, “work from home” schemes, and lottery winnings.
  • Jerry Beasley of Trace Security outlined the threat landscape, noting that attacks are increasing, with a 42% rise in 2016 in targeted attacks alone.
  • Panelists Chad Nordstrom of CLA, Jon Cohen of law firm Joseph & Cohen, and Remi Gonzalez of PR firm Public Communications Inc. discussed how to respond to data breaches (or “incidents”) urging the group to follow a process of prepare, identify, contain, eradicate, recover and remediate.

The program concludes Tuesday after a full day of presentations and discussion.

(In the photos, clockwise from top left: An energetic Jim Stickley delivers the keynote address; Mau Castanheiro of Verafin; NCUA Board Member Rick Metsger; panelists (from left) Remi Gonzalez, Jon Cohen, Chad Nordstrom; CLA’s Randy Romes; (center) Jerry Beasley of Trace Security.)