Date: Wednesday, October 16, 2019 | Time: 5:30 p.m. – 8:00 p.m.
Location: Miami Airport Hilton, 5101 Blue Lagoon Drive, Miami, FL 33126
Moderator: Guillermo Benites, VP of Financial Services, United Data Technologies
Panelists:Charles Grau, Chief Information Officer, United Data Technologies, Inc. (UDT)
Mauricio Angee, Chief Information Security Officer, Mount Sinai Medical Center
Jason Manar, Supervisory Special Agent, Miami Division-Cyber Crime
Leonard Simon, Security Architect, Compuquip Cybersecurity
(Miami, FL) – On October 16, 2019, South Florida Banking Institute (SFBI) held its annual Cyber Awareness panel at Miami Airport Hilton hotel. Guests convened to take part in an interactive and open discussion with speakers about the culture and impact of the ever-evolving cyber security landscape and its effects on the financial sector. SFBI President, Guillermo Benites made opening remarks, and welcomed this month’s industry experts: Charles Grau, Chief Information Officer at United Data Technologies, Mauricio Angee, Chief Information Security Officer at Mount Sinai Medical Center, Jason Manar, Supervisory Special Agent at Miami Division-Cyber Crime, and Leonard Simon, Security Architect at Compuquip Cybersecurity.
There are many threats that financial institutions face, and cyber attacks are no stranger to the field. In 2016 alone, data security breaches cost businesses nearly $4 billion and exposed an average of 24,000 records per incident (Source: HBR). Speakers indulged in the topic of past, current, and future state of cyber threats and their impact on financial institutions. It was discussed that the implementation of training programs and distribution of informational resources continues to be imperative in ensuring an organizational understanding of the procedures that help protect against compromised data. All panelists were in accord with the sentiment that any level of an organization remains vulnerable to cyber attacks from the customer to the C-level executive, resulting in compromised data. Phishing and spear phishing, along with password attacks continue to be popular in targeting victim and education and awareness are at the top of the list in helping combat these attacks .
In conclusion, as financial institutions continue to be at the top of the target list for hackers, staying one step ahead of potential threats is the best way in protecting against security breaches. As new methods for cyber attacks continue to develop, financial institutions are responsible in breeding a culture that educates on the importance of cyber security in order to best protect against threats. Identifying your assets, and being creative in delivering the message to multi-generations of customers and all levels of staff is critical to the ever-evolving landscape of cyber threats. Special thanks to Diamond sponsors, Fortinet, and 24by7Security, and Platinum sponsors, United Data Technologies, and Compuquip for helping facilitate this successful event.