2024 State-of-the-Field Conference on Cyber Risk to Financial Stability

April 12, 2024

The State-of-the-Field Conference on Cyber Risk to Financial Stability is a collaboration between the Federal Reserve Bank of New York and Columbia University's School of International and Public Affairs (SIPA). This conference marks our fifth year bringing together thought leaders across the fields of finance and cybersecurity, representing government, academia, and the private sector. Panels will draw on ongoing research, publications, and lessons learned to guide a robust discussion on financial stability and cybersecurity, with a focus on secure by design.

The conference structure is comprised of three core sessions:

What Are We Learning? This involves insights from researchers from academia, central banks, and industry around cyber risks to financial stability.
What Are We Doing? This highlights some of the most important developments in both cyber risk management and oversight of financial stability risk, and includes representatives from government and industry.
What’s Next? A forward-looking assessment of risks across geopolitics, national security, and finance, as well as an evaluation of structural changes.

watch the event

See the agenda for timing of specific conference segments.

Event Details

Date & Time
April 12, 2024
8:45 AM-3:35 PM EDT

Location
Federal Reserve Bank of New York
33 Liberty Street
New York, NY

Audience
This event is in-person, and attendance is by invitation only.

Media
The event is open to the media in-person. All sessions before lunch are on the record, with the recording to be made available afterward. All sessions after lunch are off the record. Media who wish to attend should contact Mariah Measey at Mariah.Measey@ny.frb.org.

Contact
For logistical inquiries, please contact ny.researchconference@ny.frb.org.

Agenda

8:45am–9:15am	Registration
9:15am–9:30am	Opening Remarks (00:00:23 in video) Sushmita Shukla, First Vice President and Chief Operating Officer, Federal Reserve Bank of New York
9:30am–10:15am	The Past Five Years in Review (00:05:11 in video) Charles Carmakal, Chief Technology Officer, Mandiant Charles Carmakal's Presentation
10:15am–11:15am	Panel 1: What Are We Learning? (00:55:32 in video) Moderator: Michael Lee, Financial Research Economist, Federal Reserve Bank of New York Ivan Ivanov, Senior Economist, Federal Reserve Bank of Chicago City Hall Has Been Hacked! The Financial Costs of Lax Cybersecurity Ivan Ivanov's Presentation Anastasia Kartasheva, Institute of Insurance Economics, University of St. Gallen The Supply of Cyber Risk Insurance Alejandra Caro Rincon, Associate Director, Moody’s Analytics The Impact of Cyber Security Management Practices on the Likelihood of Cyber Events and its Effect on Financial Risk Alejandra Caro Rincon's Presentation
11:15am–11:30am	Break
11:30am–12:15pm	Fireside Chat (01:58:04 in video) Kemba Walden, President, Paladin Global Institute; former interim National Cyber Director
12:15pm–1:15pm	Lunch
1:15pm–2:15pm	Panel 2: What Are We Doing? Moderator: Patricia Mosser, Senior Research Scholar, Columbia SIPA Todd Conklin, Deputy Assistant Secretary for Office of Cybersecurity and Critical Infrastructure Protection, US Department of Treasury Bridget Engle, Chief Information Officer, BNY Mellon Senthil Kumar, Chief Risk Officer, BNY Mellon Steve Silberstein, CEO, FS-ISAC
2:15pm–2:30pm	Break
2:30pm–3:30pm	Panel 3: What’s Next? Moderator: Jason Healey, Senior Research Scholar, Cyber Conflict Studies, SIPA Tim Cuddihy, Managing Director, Depository Trust and Clearing Corporation Kevin Greenfield, Deputy Comptroller for Operational Risk Policy, Office of the Comptroller of the Currency Marina Kaganovich, Financial Services Executive Trust Lead, Google Cloud Office of the CISO Tim Maurer, Senior Director for Cybersecurity Policy, Microsoft
3:30pm–3:35pm	Closing Remarks

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