Cybersecurity Issues Facing the Financial Services and Insurance Sectors

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Free virtual event
October 11-12, 2022

Register today – Space is limited!

Insight
Regulators, the finance and insurance industries, and consumers face new and pervasive challenges related to the threat of cyberattacks. The Michigan Department of Insurance and Financial Services (DIFS) is hosting a special cybersecurity forum for Michigan insurance companies, banks, credit unions, and consumer finance companies. This event will provide a collaborative environment to learn best practices from colleagues, discuss safeguards with law enforcement, and discuss ways to protect against cybercrimes and protect Michigan consumers.

Agenda*
October 11, 2022

10 a.m. – 10:30 a.m.

Welcome

10:30 a.m. – 11 a.m.

Introductory round table – Meet the DIFS office managers and find out what each office is doing to protect consumers and support licensees in this new virtual world.

11 a.m. – 12 p.m.

Ransomware and Business Email Compromise // Speaker: Kelley Goldblatt, Cybersecurity Advisor, Region 5: Michigan, Agency for Cybersecurity and Infrastructure Security
Threat actors harvest credentials, deploy rootkits, use domain spoofing, similar domains, or compromised email accounts to impersonate a trusted external customer or partner. The malicious actor aims to use extortion software or existing business relationships and compromised accounts, along with specific information gathered through social engineering or account monitoring, to redirect transactions or intercept emails containing sensitive information. When this happens, your business has a lot to lose.

12 p.m. – 1 p.m.

To break

1 p.m. – 1:45 p.m.

Panel Discussion: State and Federal Regulation – DIFS staff along with their state and federal counterparts discuss the latest cybersecurity-related regulations and answer questions from the public.

1:45 p.m. – 2:15 p.m.

Phishing/Smishing: knowing what to look for – DIFS staff will conduct interactive training to help you understand cybersecurity best practices and common hacking strategies.

Wednesday October 12

10 a.m. – 10:15 a.m.

Welcome

10.15 a.m. – 11 a.m.

Law enforcement perspective // Speaker: D/Lt. Michael T. Teachout, Cyber ​​Section, Intelligence Operations Division, Michigan State Police

Hear from the Michigan State Police about their perspective and what law enforcement is doing to support the insurance and financial services industries.

11 a.m. – 11:45 a.m.

Media perspective: protect your data, protect your reputation // Speaker: Alexandra Garfinkle, Senior Technical Reporter, Yahoo Finance
Cyberattacks present major risks to businesses, including reputational risk. Hear from a Yahoo Finance senior tech reporter about high-profile examples of cyber breaches and lessons learned from their stories.

11.45 a.m. – 12 p.m.

To break

12 p.m. – 1 p.m.

DIFS Cybersecurity Wrap – DIFS wraps up the conference with a presentation on updates to the Gramm-Leach-Bliley Act (GLBA) and what the department is seeing in cybersecurity.

1 p.m.

Last word

* Schedules subject to change.

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