advanced cyber threats webinar 11-12-14
DESCRIPTION
ACFCS webinar on advanced cyber threats, presented by Joseph DeMarco of the firm DeVore & DeMarco and hosted by Barry Koch.TRANSCRIPT
The Rise of GATCAPreparing for the new reality of global tax compliance and account reporting systems
The Rise of Advanced Cyber Threats
Protecting against state-sponsored hackers, organized cybercrime and other sophisticated attacks
ACFCS Webinar | November 12, 2014
Presented ByJoseph DeMarco, Partner, DeVore & DeMarco
Moderated ByBarry Koch, Chief Compliance Officer, Western Union
Brian KindleExecutive Director
Association of Certified Financial Crime SpecialistsMiami, FL
Certification, News, Guidance, Training, Networking
The Credential That Demonstrates Competency and Skill Across the Financial Crime Spectrum
CFCS Certification
Chief Compliance OfficerWestern Union
Denver
Barry Koch
PartnerDeVore & DeMarco
New York
Joseph DeMarco
www.devoredemarco.com
My Background
Partner, DeVore & DeMarco LLP• Boutique law firm in New York City
Cyberlaw Practice Previously, Assistant U.S. Attorney, Southern
District of New York, 1997-2007• Founder and Chief, Computer Hacking and
Intellectual Property Unit (CHIPS)
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Overview
State Sponsored Threats vs Other ThreatsIndicators of State Sponsored ThreatsRoles of Compliance and SecurityInformation SharingQuestions
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State Sponsored Threats vs. Other Threats
Goal often (though not always) is targetedUsually after key IP or use of machines for
future wrongdoingRarely destroy systems or deface webpagesEconomic motives predominate, but more
refined than credit card fraudMotives can also be political
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Indicators of State Sponsored Threats
All of the above, plus:• Time of day• Day of week (holidays?)• Traffic type• Traffic destination• Tradecraft
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Role of Compliance and Security
Critical to good preparednessEarly involvement with senior management
often crucialRole of IRP and WISPTraining and war games can be very helpfulForge existing relationships with peers and
government before the crisis hits
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Information Sharing
Not a panacea, but can be usefulFormal vs. InformalGovernment and peersWith government, usually one-way flow of
information, but government questions and reaction can provide insights
Be alert to requests by government
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Questions
Joseph V. DeMarcoDeVore & DeMarco LLP
99 Park Avenue, Suite 330New York, New York 10016
Phone: (212) 922-9499Fax: (212) 922-1799