2025 State-of-the-Field Conference on Cyber Risk to Financial Stability

April 17, 2025

On Thursday, April 17, the Federal Reserve Bank of New York will host the sixth State-of-the-Field Conference on Cyber Risk to Financial Stability, a collaboration between the New York Fed and Columbia University's School of International and Public Affairs (SIPA). This conference brings 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. Discussions will focus on “known unknowns” to explore risks arising from Artificial Intelligence (AI), third-party risks, and the broader technological infrastructure of the financial system.

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? This is a forward-looking assessment of risks across geopolitics, national security, and finance, as well as an evaluation of structural changes.

Event Details

Date & Time
April 17, 2025
9:30am – 3:50pm EDT

Location
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045

Audience
Attendance will be in person and by invitation only.

Media
This event is open to the media in person. All remarks are on the record and a recording will be made available afterward. Media who wish to attend must register by contacting Mariah Measey at Mariah.Measey@ny.frb.org.

Agenda

9:30am–10:05am	Registration and Opening Reception
10:05am–10:15am	Introduction Jason Healey, Director, SIPA Cyber Michael Lee, Financial Research Economist, Federal Reserve Bank of New York
10:15am–10:30am	Welcoming Remarks Frederic Veron, CIO, Federal Reserve Bank of New York
10:30am–11:30am	Panel 1: What Are We Learning? Moderator: Michael Lee, Federal Reserve Bank of New York Giorgio Ottonello, Nova SBE \| Presentation David Stone, Google \| Presentation Jonathan Welburn, RAND \| Presentation
11:30am–11:45am	Coffee Break
11:45am–12:30pm	Fireside chat with Keynote: Governor Michael S. Barr Moderator: Patricia Mosser, Columbia SIPA
12:30pm–1:30pm	Lunch break
1:30pm–2:30pm	Panel 2: What Are We Doing? Moderator: Katheryn Rosen, JPMC Aly Farooqui, IBM Cloud Mark Frankel, 2LOD for Tech and Security/ CLS Steve Silberstein, FS-ISAC
2:30pm–2:45pm	Break
2:45pm–3:45pm	Panel 3: What’s Next? (AI and Third-Party Risk Management) Moderator: Sandra Lee, Federal Reserve Bank of New York Ricky Davis, Synchrony Ben Dynkin, Amazon Web Services Seung Lee, Federal Reserve Board Joe Lyons, Bitsight
3:45pm–3:50pm	Closing Remarks

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