Security, Bookmarked: Finance (Sponsored Content)
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 15 September 2024
⏱️ 23 minutes
🧾️ Download transcript
Summary
Financial institutions have been a leading target for cyber crime since the dawn of the internet. But phishing schemes have become far more intricate, and cyber heists go beyond stealing money from a bank. JF Legault, Deputy CISO at J.P. Morgan Chase, explains how he leads cyber defense on the front lines of work — and lays out a strategy to transform teams into early detection networks. Then David Adrian from Chrome unpacks how web browsing protections, robust monitoring, and a real-time view of threats can fit into this kind of strategy to maximize resilience to a cyber attack.
This episode is sponsored by Chrome Enterprise.
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Transcript
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| 0:00.0 | We can go back to a quote from the Depression-era bank robber Willie Sutton. |
| 0:07.0 | He had this infamous quote that said, like I rob banks because that's where the money is. |
| 0:12.0 | Old-fashioned bank heist aren't so common today, |
| 0:14.6 | but modern financial institutions protect more than just money. |
| 0:18.2 | And finance is consistently |
| 0:19.6 | in the top three most targeted industries |
| 0:21.8 | when it comes to cyber attacks. |
| 0:23.6 | There's accounts, but there's also a lot of strategic information |
| 0:27.6 | with regards to transactions and the likes. |
| 0:31.8 | And that's what continues to make financial institutions a target for this. |
| 0:37.0 | That's J.F. Lego. |
| 0:38.0 | I'm Deputy Chief Information Security Officer at J.P. Morgan Chase. |
| 0:43.0 | As a leader of cybersecurity operations for the bank and its clients, J.F. thinks constantly about every |
| 0:48.7 | opportunity that an attacker could exploit, from software bugs to natural disasters. |
| 0:54.0 | Whether the scenario be a technology outage, |
| 0:57.1 | whether it be whether a threat actor could use that as a lure. |
| 1:00.9 | We've actually seen, you know, like fake donation sites when there's a natural |
| 1:06.1 | disaster, right, where people are looking to donate to earthquake relief or hurricane relief, the bad guys are there. |
| 1:14.4 | And by setting up fake disaster relief websites, |
| 1:17.2 | the bad guys can harvest any credentials that come with those well-meaning |
| 1:20.6 | donations. |
| 1:22.0 | This is just one scenario in a bigger trend that |
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