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Cyber Risk Workshop

Cyber Risk Management

Thu., March 28, 2019
8:30 a.m. - 5 p.m.

Charlotte Branch, Charlotte, NC

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Call for Proposals

Submission Deadline: Friday, February 15th, 2019

Scope

Cyber Risk has become one of the key vulnerabilities in the financial system today and a major threat to financial stability. The goal of the workshop is to provide a forum for risk managers, academics, policy makers and regulators to discuss definition, measurement and modeling of cyber risk.

Purpose

The Quantitative Supervision & Research unit of Supervision, Regulation and Credit at the Federal Reserve Bank of Richmond invites the submission of proposals to be considered for presentation at the 2019 Cyber Risk Workshop to be held at the Charlotte Branch of the Federal Reserve Bank of Richmond on Thursday, March 28.

The purpose of the workshop is to foster a better understanding of cyber risk and to support efforts to harmonize the identification and measurement of cyber risk. The workshop will feature panel discussions of accepted proposals by leading risk managers, academics and policy makers. Following the workshop, key highlights of the discussion with emphasis on the commonalities and divergences of the different proposals will be published in a white paper.

Proposal Submissions and Conference Invitations

The organizing committee invites authors to submit proposals on the definition, identification and classification of cyber risk; measurement of cyber risk; and the role of the Federal Reserve System. Examples of the topics include but are not limited to the following:

  • Definition, identification and classification of cyber risk
    • How to define cyber risk?
    • How to identify cyber risk events?
    • How to classify cyber risk events?
  • Measurement of cyber risk
    • What to measure?
    • How to measure cyber risk?
    • Can current databases be used to estimate cyber risk exposures?
  • The role of the Federal Reserve System
    • How can the Federal Reserve System facilitate the understanding of cyber risk?
    • How can the Federal Reserve System enhance firms’ resilience to cyber risk?

The organizing committee invites authors to submit proposals by February 15, 2019 to Jonathan.Newell@rich.frb.org. Authors of accepted proposals will be notified by March 1, 2019.

Please note that attendance at the conference is by invitation only and capacity is limited. Those interested in attending may request invitations by emailing Jonathan.Newell@rich.frb.org. In order to gather industry feedback on proposals, representatives from U.S. bank holding companies and intermediate holding companies subject to SR 15-18 and SR 15-19 will be invited. Please direct all questions and correspondence to Jonathan.Newell@rich.frb.org.

 

Agenda

8:45 - 09:15 Continental Breakfast

09:15 - 09:30 Welcoming Remarks

09:30 - 10:30 Panel #1: Defining and Identifying Cyber Risk

10:30 - 11:00 Break

11:00 - 12:00  Panel #2: Classifying Cyber Risk

12:00 - 01:30 Lunch – Keynote Speaker (Patricia Mosser – Columbia University)

01:30 - 02:30 Panel #3: Measuring Cyber Risk

02:30 - 03:00 Break

03:00 - 04:00 Panel #4: The Role of the Federal Reserve System

04:00 - 05:00 Refreshments and networking

Organizing Committee:

Don Adams, Board of Governors of the Federal Reserve System

Gara Afonso, Federal Reserve Bank of New York

Filippo Curti, Federal Reserve Bank of Richmond

Luz King, Board of Governors of the Federal Reserve System

Atanas Mihov, Federal Reserve Bank of Richmond

Carlos Sosa, Board of Governors of the Federal Reserve System

Project Sponsors:

Nida Davis, Board of Governors of the Federal Reserve System

Jeff Gerlach, Federal Reserve Bank of Richmond

John Kolb, Board of Governors of the Federal Reserve System

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