Cyberattacks could cause systemic risks in the financial sector and for that reason Nordic central banks have set up a forum to foster a closer cooperation on cyber resilience and cyber security.

In order to further support the exchange of best practices, the Bank of Finland hosted the 2nd Annual Nordic Cyber in Finance Conference in Helsinki on 29 November 2018, with the other Nordic central banks as co-hosts.

The conference dealt with current topics in the cyber resilience and cyber security in the financial sector and focused primarily on issues with a systemic perspective in financial market infrastructures. The event featured a distinguished line-up of speakers from cyber security industry, financial institutions and authorities.

 

2nd Annual Nordic Cyber in Finance Conference
29 November 2018, Valkoinen Sali, Helsinki

Event chair: Marja Nykänen, Deputy Governor, Bank of Finland

Conference opening and introductory speech: Cyber security for financial institutions
Marja Nykänen, Deputy Governor, Bank of Finland

Session 1 – Cyber threats in 2018

What is happening in the cyber space
Samu Konttinen, President and CEO, F-Secure (pdf)

Hybrid threats – emerging context
Jukka Savolainen, Director of CoI on Vulnerabilities and resilience, Hybrid CoE

Cyber threats in 2018 and financial sector as part of critical infrastructure
Panel discussion
moderated by Marja Nykänen, Deputy Governor, Bank of Finland

Panelists:
Martin Flodén, Deputy Governor, Sveriges Riksbank
Jon Nicolaisen, Deputy Governor, Norges Bank
Samu Konttinen, President and CEO, F-Secure
Jukka Savolainen, Director of CoI on Vulnerabilities and resilience, Hybrid CoE

Session 2 – Financial sector and cyber threats in changing landscape

How the new services will change cyber threats
Paul Bari, Group CIO and Head of Group Technology, Nordea

Supervisor’s role in the changing landscape
Martin Noréus, Deputy Director General, Finansinspektionen (pdf)

Cyber threats in changing landscape – combining new players into financial infrastructure in a secure manner and cyber security in financial sector
Panel discussion
moderated by Hanna Heiskanen, Senior Digitalisation Specialist, FIN-FSA

Panelists:
Hugo Frey Jensen,  Governor, Danmarks Nationalbank
Rannveig Sigurðardóttir, Deputy Governor, Seðlabanki Íslands
Paul Bari, Group CIO and Head of Group Technology, Nordea
Martin Noréus, Deputy Director General, Finansinspektionen

Session 3 – Deep dive in cyber security solutions

Sharing threat and situation awereness – concrete real-life example
Stefano Ciminelli, Deputy Chief Information Security Officer – Global Security, SWIFT

Different approaches to improve cyber resilience
Panel discussion
moderated by Aleksi Grym, Head of Digitalisation, Bank of Finland

Panelists:
Stefano Ciminelli, Deputy Chief Information Security Officer – Global Security, SWIFT
Kamal Iberraken, Chief Information Officer, Euroclear Finland & Euroclear Sweden
Robin Oldham, Head of Security Advisory & Technical Services, BAE Systems
Wiebe Ruttenberg, Senior Adviser, European Central Bank

Closing remarks by the chair

 

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