Cyber Crime is currently one of the most reported offences around the world, yet some organizations are targeted more than others. Financial institutions (FIs) are unfortunately ranked high on the list of vulnerable entities. In fact, it is safe to say that there are two kinds of FIs: those that have faced a cyberattack and those that will.
Cyberattacks now vary from private (“lone wolf”) hackers, through crime and terror organizations, to nationally-backed groups. The incentives may differ, but the objective is the same.
Online and mobile banking, credit card swiping and e-commerce are all an integral part of our lives now, and are easy, convenient and trusted. Yet it’s no secret that hackers are constantly attacking financial institutions in order to crack honey pots, prove a social-ideological point or create national-level chaos. Staying one step ahead of the hacker is not just a nice-to-have anymore, and not really a destination you can reach, it’s an ongoing effort on an institutional, national, and cross-national level.
ISRAEL HLS & CYBER 2018 – FINTECH SATELLITE EVENT-WITH A SPECIAL FOCUS ON FINTECH THE 5TH INTERNATIONAL CONFERENCE & EXHIBITION -NOVEMBER 12-15, 2018 | TEL AVIV CONVENTION CENTER
For more information on Israel HLS & Cyber 2018 https://israelhlscyber.com/wp-content/uploads/2018/04/HLS_ENG.pdf
FACING CHALLENGES The financial industry is going through significant transformation. Fintech companies are storming the financial marketplace and changing virtually every aspect possible, while incumbents are continuously trying to adjust to the new reality of increasing customer demands, rapidly updated regulation, versatile security threats and creative utilization of advanced technologies. Going beyond the initial disruption phase, both traditional financial institutions and fintech start-ups come to understand that mutual, long-term success lies not in competition, but in collaboration. ISRAELI
FINTECH INDUSTRY The fintech sector in Israel has been blooming for several years. What started out with just a handful of start-ups, has grown to more than 500 companies utilizing cutting edge technologies, unique business models and deep know-how in peripheral fields (such as cybersecurity). There is also a willingness of large financial institutions to let fintech start-ups beta-test their products, provide support from dedicated accelerators and hubs, and a strong & vibrant community that makes Israel in general and Tel-Aviv in particular, one of the leading, most innovative fintech hubs in the world.
FINTECH TOPICS THAT WILL BE FOCUSED ON: • Mobile Authentication • Data & Infrastructure • KYC • Process Optimization • Fraud Prevention & Mitigation • Regulation Compliance • Blockchain Solutions for the Financial industry.
HLS & CYBER – FINTECH–WHO WILL BENEFIT?
Executives in financial institutions in the areas of: • Financial Business Operation and Risk • Governance and Policy • Innovation • Information Management • Mobile Fraud • IT • Authentication • Compliance & Regulation (GDPR, MIFID II, etc.)
Relevant companies, interested to learn more on potential collaboration are invited to contact the Economic and Trade Department at the Israeli Consulate General in Bengaluru.For further queries, contact : Kavitha Saravanan, Trade Officer, Bengaluru.