UK Cyber Forum Bulletin – 27th December 2018

Good afternoon!

I hope you all had a lovely Christmas.

AFCEA UK West Chapter – January 2019 Meeting

The next Chapter monthly meeting is on Thursday 10th January at Brickhampton Golf Club. The presentation for the evening will be from  Andy Powell (CISO, A.P. Møller-Mærsk A/S)

Maersk – Collateral victims of a state-sponsored Cyber Weapon: Implementing the Lessons from a Cyber Attack

For more details and to register to attend www.afcea.org.uk

Seeking a Business Partner

One of our new members who works in FinTech is looking for a co-founder / ‘gig economy’ partner to work on mitigating cyber risk of digital asset exchanges.  He has >20 years developing and delivering FinTech (e.g. blockchain, cyber, analytics) with Bitfury, Deutsche Bank, Sovereign Capital, Deloitte and you can see his LinkedIn profile here:

https://www.linkedin.com/in/richard-cayzer

If you are interested in discussing further please contact richard.cayzer@dltrisk.com  +44 7891 693 735

Cyber security in the Spanish banking sector – mission to Madrid, 21 March 2019

The British Embassy in Madrid are hosting a cyber security mission offering an opportunity to present to and have 1:1 meetings with the CISOs of four of Spain’s largest banks. This event will be held on 21st March 2019.

To register for the event, please complete the attached application form and send to Fernando and Isaac (cced) by 15th February 2019. Please also contact Fernando and Isaac with any questions.

Banks involved:
Santander is the biggest banking group in Spain and second in Europe after HSBC in terms of market capitalisation and net income (£77bn and £6.5bn respectively in 2018). Santander also has a significant footprint in the UK (14 million customers, 20,000 employees and 860 branches, and contributing 16% of the Group profits).

BBVA Spain’s second largest bank, and a fintech leader in its own right, BBVA has a market value of £41bn and generated £3.8bn net income in 2017. In the UK, they focus on corporate and investment banking  mainly, with over 200 staff in their Canary Wharf HQ, and in commercial banking via their stake in digital bank Atom.

CaixaBank  Third in size, CaixaBank had a market value of £23bn and raised £1.6bn net in 2017. Their main market is the Iberian Peninsula (via BPI in Portugal). In the UK, they have an international branch that offers
financing and other banking services to companies with interests in either market.

Sabadell market capitalisation and net income values were £10bn and £801m (2017). They entered the UK financial market through acquisition of TSB Bank from Lloyds in 2015. Currently they operate 537 branches in the UK with 8,000 staff and 5 million customers, representing c.25% of its global lending power. Sabadell is the fourth largest bank in Spain.

Cybersecurity in the Spanish financial sector
According to official sources, Spain receives the highest number of cyberattacks after the US and the UK (no less than 120,000 in 2017). Many of those aim at the financial institutions as their primary target. Banking scams, card-related cybercrime and phishing account for the most recurrent incidents reported by the public, but banks themselves are also in the spotlight for risks linked to online fraud, identity theft and reputational damage.

Spanish banks are of interest not only because of their size (the biggest of which is included in the list of global systemically important banks [G-SIBs] by the FSB) but also because of their presence in the UK. Santander is widely regarded a High Street brand, and Sabadell bought TSB from Lloyds in 2015.

The mission
It will consist of a series of presentations to set the scene that will be delivered by all 4 banks participating.
1-to-1 meetings will be held subsequently with the UK companies selected by the banks.

1-to-1 meetings eligibility criteria
In order to ensure the mission is as focused as possible, all UK companies are required to fill out a questionnaire for evaluation by the Spanish banks.  Only those selected by them as potentially interesting will be invited to participate in the mission. We are looking at no more than 10 participants.

Date & Time:
20-21 March 2019
9:00 – 12:30 (exact times tbc)

Location: British Embassy Madrid Cost: £600 (plus VAT)

Further information:
Please contact Fernando Pons or Isaac Morillas at:

fernando.pons@fco.gov.uk
isaac.morillas@fco.gov.uk

Tel.+34917146337/8

Please email me (info@ukcybersecurityforum.com) if you would like the application form emailed to you.  If interested in being considered, please send the questionnaire attached to the above emails no later than 15 February 2019.

IISP State of the Profession survey

The IISP runs an annual survey on the State of the Profession. It doesn’t take long to complete and can be accessed via this link  The Cyber Security Profession 2018 and 2019.   Please do complete it if you can!

Outsource and diversity

Outsource is a “cyber workforce solutions provider” and ran an event with NCSC to focus on diversity in the sector.  They host regular D&I events, where they focus not only on diversity in its broadest sense, recognising gender diversity, but also inviting discussions around the older workforce, BAME candidates, returners, military veterans, neurodiversity and disabled workers and LGBT. A write up summarising the key points of their most recent NCSC event is here An overview of our D&I event with the  videos including the 3 TED Talks can be found here – Outsource D&I event with NCSC

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