advanced cyber threats webinar 11-12-14

The Rise of GATCAPreparing for the new reality of global tax compliance and account reporting systems

The Rise of Advanced Cyber Threats

Protecting against state-sponsored hackers, organized cybercrime and other sophisticated attacks

ACFCS Webinar | November 12, 2014

Presented ByJoseph DeMarco, Partner, DeVore & DeMarco

Moderated ByBarry Koch, Chief Compliance Officer, Western Union

Brian KindleExecutive Director

Association of Certified Financial Crime SpecialistsMiami, FL

Certification, News, Guidance, Training, Networking

The Credential That Demonstrates Competency and Skill Across the Financial Crime Spectrum

CFCS Certification

Chief Compliance OfficerWestern Union

Denver

Barry Koch

PartnerDeVore & DeMarco

New York

Joseph DeMarco

www.devoredemarco.com

My Background

Partner, DeVore & DeMarco LLP• Boutique law firm in New York City

Cyberlaw Practice Previously, Assistant U.S. Attorney, Southern

District of New York, 1997-2007• Founder and Chief, Computer Hacking and

Intellectual Property Unit (CHIPS)

www.devoredemarco.com

Overview

State Sponsored Threats vs Other ThreatsIndicators of State Sponsored ThreatsRoles of Compliance and SecurityInformation SharingQuestions

www.devoredemarco.com

State Sponsored Threats vs. Other Threats

Goal often (though not always) is targetedUsually after key IP or use of machines for

future wrongdoingRarely destroy systems or deface webpagesEconomic motives predominate, but more

refined than credit card fraudMotives can also be political

www.devoredemarco.com

Indicators of State Sponsored Threats

All of the above, plus:• Time of day• Day of week (holidays?)• Traffic type• Traffic destination• Tradecraft

www.devoredemarco.com

Role of Compliance and Security

Critical to good preparednessEarly involvement with senior management

often crucialRole of IRP and WISPTraining and war games can be very helpfulForge existing relationships with peers and

government before the crisis hits

www.devoredemarco.com

Information Sharing

Not a panacea, but can be usefulFormal vs. InformalGovernment and peersWith government, usually one-way flow of

information, but government questions and reaction can provide insights

Be alert to requests by government

www.devoredemarco.com

Questions

Joseph V. DeMarcoDeVore & DeMarco LLP

99 Park Avenue, Suite 330New York, New York 10016

Phone: (212) 922-9499Fax: (212) 922-1799

jvd@devoredemarco.com