Exploring the interface between cyber and model risk
PRMIA Brussels invites you to an In-Person event on November 24th: Exploring the interface between cyber and model risk. There will be networking afterwards.
Date:
November 24, 2022
Time:
6:30 p.m. - 9:30 p.m CET
Location:
MeetDistrict, Bischoffsheimlaan 15, 1000 Brussels
Summary of the talks:
Hackable intelligence
Many researches have and are proving that AI applications can be easily fooled and hacked so they make wrong decisions and fail in their tasks in ways that benefit potential attackers. Different attacks have been proposed against AI that compromise the confidentiality, integrity and availability of the systems deploying these solutions.
Those attacks against AI are fundamentally different from traditional cyberattacks. This is because the underlying algorithms used to implement AI systems are inherently vulnerable. They can’t be easily patched or replaced as compared to fixing bugs and securing codes when it comes to facing traditional cyberattacks. Furthermore, when compliance programs have been utilized in different industries to protect against traditional cyberattacks, there are no clear standardized guidelines that help industries to implement AI solutions that protect from possible attacks on their AI systems.
Perspectives on model risk management of cybersecurity solutions in banking
The sooner banks start their journey and establish an effective approach to model risk management of cybersecurity solutions, the quicker they will be able to manage risk and establish controls.
| Agenda |
|
| |
Time |
|
Event |
|
| |
|
|
|
|
| |
6.30
|
|
Welcome by Jos Gheerardyn
|
|
| |
|
|
|
|
| |
6:40 |
|
Samraa Alzubi from Approach on 'hackable intelligence'
|
|
| |
|
|
|
|
| |
7:20 |
|
Marc Taymans from McKinsey / RiskDynamic on 'Perspectives on model risk management of cybersecurity solutions in banking'
|
|
| |
|
|
|
|
| |
8:00 |
|
Networking |
|
|
Speakers
|
|
| |
|
|
| |
Samraa Alzubi
Samraa Al Zubi is an Ethical Hacker and Red Teamer working for the SOC team at Approach. Samraa has previous experience in System and Network Administration and has three years experience in performing penetration tests and vulnerability assessments on systems, networks, APIs, web, and mobile applications.
During her studies in her master’s in cyber security at ULB University, Samraa researched potential attacks against Machine Learning, and as her master thesis proposed a new adversarial reprogramming attack against image classifiers.
Samraa also worked as a teaching assistant and presented as guest lecturer for universities and organisations regarding cyber security awareness and attacking machine learning.
|
|
| |
|
|
| |
Marc Taymans
Marc has more than 20 years of consulting experience, and since 2005 has led development of Risk Dynamics’ model risk management and validation services.
He has built relationships with key clients through his leadership of numerous model risk advisory and independent validation programs for companies in Europe, North America, and the Middle East.
Marc’s projects cover all types of financial risks (e.g., credit, market, and life and property & casualty insurance), along with regulatory requirements. Marc is also an expert in non-financial risk management, having been responsible for reviewing and redesigning several operational risk frameworks, and advanced measurement approach (AMA) models for large financial institutions. He has also worked on conduct risk and compliance analytics for several companies.
Marc has been a personal advisor to several senior risk managers. He presents regularly to executives and board members of banks and insurers, and to regulators, industry conferences, and at universities. He holds a master’s degree in management from the Solvay Brussels School.
|
|
Thank you to our Sponsor!
| Continued Risk Learning Credits: 1 |
PRMIA Continued Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].