Banking Insights: The evolving cyber security landscape and the implications of PSD2

For retail banks the cyber security landscape continues to evolve in 2018 and has never been under more scrutiny from regulators, the boardroom and their customers.  As banks drive even greater levels of connectivity against a backdrop of increasing levels of cyber enabled fraud and nation state backed activity, their approach to cyber security has become pivotal to future success. With new regulations and directives such as GDPR and PSD2 also looming large on the horizon, the penalty for failure has also never been higher.

We will be joined by Ross Foley and Michael Roberts from PwC's cyber security practice who will provide an overview of the current threat landscape for retail banks, and insight into what boards and regulators have come to expect from a mature and successful cyber security programme. The second half of the session will focus more specifically on the security implications of PSD2. As the ecosystem in which banks operate changes dramatically, what does this mean for your risk profile and what will be the key steps to addressing this new directive.
 

Ross Foley

Ross is a Senior Manager in PwC's local Cyber Security practice. Ross has spent his career working or consulting in the financial services sector, and specializes in security strategy, risk and governance.  

Ross has worked with a number of UK retail banks to develop their cyber security strategies and has significant experience in security reporting for board and executive audiences. Prior to joining PwC Ross also worked at RBS, where he helped to stand up the bank's first Information Security risk function. 

Michael Roberts 

Michael is a Senior Manager in the Scotland cyber security practice at PwC, where he works with a range of financial services and non-financial services clients on how best to manage their cyber risk including strategy, third party assurance and incident response.

Michael joined PwC in January 2018, after 12 years working in the financial services sector including regulatory environments, and ten years with a major UK bank's security function. In 2013-4 he was seconded to the UK Government's cyber security team, working on strategies to help strengthen the critical national infrastructure against cyber attacks.