25 Mar 2015 to 25 Mar 2015
09:00 AM to 05:15 PM
25 Mar 2015 to 25 Mar 2015
09:00 AM to 05:15 PM
Cyber attacks can hurt a business in any number of ways, from vandalising website to shutting down systems, perpetrating fraud and stealing intellectual property. The cost to a business can be high, ranging from financial loss to reputational damage. With heightened awareness in cyber security, our members can help their businesses fight cyber crimes.
Find out how hackers can get into your systems and networks, and what they could possibly do with your data. Also learn how to defend your business from cyber threats, and in the event of a breach, the immediate actions to take to mitigate the extent of damages. Leading security experts will also share their valuable experience with case studies and best practices.
Our speakers presenting on the risks of digital currencies will you help you implement sound anti-money laundering policies and internal controls.
Join us at this seminar as you can also walk through the solution showcase, where we bring you to a myriad of training and applications that can help you to detect threats and protect valuable data of your businesses.
Located above Farrer Park MRT station. 1min Walking distance from Exit C.
It is a 20-minute drive from Changi International Airport and just 15 minutes away from Orchard Road, Marina Bay and Shenton Way.
|09:10||IT Governance & Cyber Security – The Missing Link?
By Mr John Lim (CISA, CISM, CGEIT), President of ISACA Singapore Chapter
|09:50||Expect the Unexpected: What Accountants Need to Know about Advanced Persistent Threats (APTs)
By Mr David Siah, Country Manager, Singapore, Trend Micro Incorporated
|11:00||Top Cybercrimes Affecting Accountants
By Mr Chan Hiang Tiak, Risk Assurance Partner, PwC
|11:40||Virtual Currencies : Potential AML/CFT Risks and Monitoring Challenges
By Mr Ankur Kumar, Senior Associate, Terrorism and Insurgency Research Unit, Thomson Reuters
|12:40||Lunch Break / Tour of Solution Showcase|
|13:40||“Hackers at work! Are you losing or sharing your client’s sensitive data unknowingly?”
By Mr Wong Loke Yeow, Director of Security Solutioning and Professional Services, Enterprise Security, Singtel Group Enterprise
|14:20||Building An Effective Cyber Security Plan
By Mr Michael McGowan, Principal Consultant, KPMG
Best Practices in Managing Cyber Security Risks
By Mr Richard Collard, IBM Worldwide Subject Matter Expert, Transactional Fraud Detection, AML and Risk Management
Panel Discussion: Making Dollar and Sen$e – Implementing a Cost-Effective Plan to Combat Cyber Crimes
|17:15||End of Programme|
IT Governance has been promoted as the framework to enhance the IT operations of the enterprise, in support of achieving its objectives. While cyber security is an essential subset (and product) of IT Governance, recent high-profile cyber security incidents seemingly suggest otherwise. This presentation aims to identify the issues by examining the nature of cyber security, within the context of IT governance objectives, to bridge the gap (or missing link) between the achievement of sound cyber security infrastructure with IT governance.
What does cyber security have to do with accountants?
Cyber security used to be perceived as an issue that falls under the responsibility of IT and security professionals. This is no longer true. The pervasiveness of cyber crime and its impact on nations, businesses and individuals mean that non-IT professionals need to be involved in cyber-security too:
Chan Hiang Tiak, Partner of PwC Singapore will share major cyber incidents which resulted in financial and data loss, disruptions to services and operations and loss of trust from clients. He will discuss the importance of using a holistic approach to detect, defend and respond to cyber risk and suggest various measures and controls to mitigate cyber risk, from the perspective of accounting professionals.
* PWC's Global state of Information Security Survey 2015
This presentation will elaborate on the role of virtual currencies as a payment mechanism at a time when they are being scrutinised by regulatory institutions and law enforcement agencies across the world. As the virtual currency community comes to terms with the impact of a series of legal verdicts questioning its robustness in preventing financial crime, it is imperative to evaluate the competing narratives surrounding it. It is tempting to regard virtual currencies as an inevitable phenomenon considering its perceived benefits in reducing transactional costs, increasing payment efficiency and facilitating micro payments among others. But there is a need to weigh these benefits against the risks associated with its anonymity and potential to serve the needs of money launderers and terrorist financiers.
The presentation will expand on the vulnerabilities inherent in virtual currency usage with the help of 2 case studies. It will show that the same characteristics which virtual currency enthusiasts have claimed make it superior to traditional payment methods also helped criminals in the propagation of money laundering, narcotics trafficking, buying and selling of illegal weapons among other crimes.
The presentation will also show that the global nature of virtual currency infrastructure and the ease with which virtual currency systems can be accessed via the internet to facilitate cross border transfer of funds makes it difficult to assign compliance responsibilities across jurisdictions and to have the global coordinated approach needed to tackle AML/CFT concerns. This is reflected in a wide range of regulatory approaches taken by different countries regarding the AML/CFT obligations of actors involved in virtual currencies. This has made it more difficult for businesses looking to invest in virtual currencies to do so without incurring a high risk of legal and/or operational challenges if regulatory authorities change their stance later on.
The presentation will conclude with recommendations for financial institutions on how to insulate their organisation from AML/CFT related weaknesses in their compliance programs based on the probable path followed by regulatory institutions regarding virtual currencies in the short and long terms.
With the increased adoption of technology, as well as business transactions over the internet, it has become ever more pressing for businesses to establish a robust infocomm security strategy that evolves and grows in tandem with their business growth. Business within the accounting and audit practices, as well as their clients are facing a mounting pressure to deal with the prevailing trend of cybercrime perpetrated by increasingly sophisticated attacks. It is no longer a matter of “if” they will become victims of a cyber breach, but a question of “when” they will (or had been) breached.
Join us in this session as we share the latest trends in the cyber threat landscape as well as a live demonstration of an APT attack to show how easily cyber attackers can exploit system vulnerabilities and steal sensitive data right under the noses of the users and their anti-virus tools. We will also share the latest industry best practices on how businesses can build and enhance their cyber defence to quell the ever evolving cyber-attacks while safe guarding their business the ramifications of financial damages and reputation loss.
Key take-aways from this talk (total 30-40mins)
Professional Accountants in Business (PAIB)
1 week before event or when registration is full
6.0 CPE Hours (Category: Others)
S$267.50 per person
S$321.00 per person
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(Mr) Tan Wee Lee:
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