2024 State-of-the-Field Conference on Cyber Risk to Financial Stability

April 12, 2024
The State-of-the-Field Conference on Cyber Risk to Financial Stability is a collaboration between the Federal Reserve Bank of New York and Columbia University's School of International and Public Affairs (SIPA). This conference marks our fifth year bringing together thought leaders across the fields of finance and cybersecurity, representing government, academia, and the private sector. Panels will draw on ongoing research, publications, and lessons learned to guide a robust discussion on financial stability and cybersecurity, with a focus on secure by design.

The conference structure is comprised of three core sessions:

  1. What Are We Learning? This involves insights from researchers from academia, central banks, and industry around cyber risks to financial stability.
  2. What Are We Doing? This highlights some of the most important developments in both cyber risk management and oversight of financial stability risk, and includes representatives from government and industry.
  3. What’s Next? A forward-looking assessment of risks across geopolitics, national security, and finance, as well as an evaluation of structural changes.


watch the event


See the agenda for timing of specific conference segments.

Event Details

Date & Time
April 12, 2024
8:45 AM-3:35 PM EDT

Federal Reserve Bank of New York
33 Liberty Street
New York, NY

This event is in-person, and attendance is by invitation only.

The event is open to the media in-person. All sessions before lunch are on the record, with the recording to be made available afterward. All sessions after lunch are off the record. Media who wish to attend should contact Mariah Measey at Mariah.Measey@ny.frb.org.

For logistical inquiries, please contact ny.researchconference@ny.frb.org.

8:45am–9:15am Registration
9:15am–9:30am Opening Remarks
(00:00:23 in video)
Sushmita Shukla, First Vice President and Chief Operating Officer, Federal Reserve Bank of New York
9:30am–10:15am The Past Five Years in Review
(00:05:11 in video)
Charles Carmakal, Chief Technology Officer, Mandiant
Charles Carmakal's Presentation 
10:15am–11:15am Panel 1: What Are We Learning?
(00:55:32 in video)

Moderator: Michael Lee, Financial Research Economist, Federal Reserve Bank of New York

Ivan Ivanov, Senior Economist, Federal Reserve Bank of Chicago
City Hall Has Been Hacked! The Financial Costs of Lax Cybersecurity
Ivan Ivanov's Presentation 

Anastasia Kartasheva, Institute of Insurance Economics, University
of St. Gallen
The Supply of Cyber Risk Insurance

Alejandra Caro Rincon, Associate Director, Moody’s Analytics
The Impact of Cyber Security Management Practices on the Likelihood of Cyber Events and its Effect on Financial Risk
Alejandra Caro Rincon's Presentation 
11:15am–11:30am Break
11:30am–12:15pm Fireside Chat
(01:58:04 in video)

Kemba Walden, President, Paladin Global Institute; former interim National Cyber Director
12:15pm–1:15pm Lunch
1:15pm–2:15pm Panel 2: What Are We Doing?

Moderator: Patricia Mosser, Senior Research Scholar, Columbia SIPA

Todd Conklin, Deputy Assistant Secretary for Office of Cybersecurity and Critical Infrastructure Protection, US Department of Treasury

Bridget Engle, Chief Information Officer, BNY Mellon

Senthil Kumar, Chief Risk Officer, BNY Mellon

Steve Silberstein, CEO, FS-ISAC

2:15pm–2:30pm Break

2:30pm–3:30pm Panel 3: What’s Next?

Moderator: Jason Healey, Senior Research Scholar, Cyber Conflict Studies, SIPA

Tim Cuddihy, Managing Director, Depository Trust and Clearing Corporation

Kevin Greenfield, Deputy Comptroller for Operational Risk Policy, Office of the Comptroller of the Currency

Marina Kaganovich, Financial Services Executive Trust Lead, Google Cloud Office of the CISO

Tim Maurer, Senior Director for Cybersecurity Policy, Microsoft

3:30pm–3:35pm Closing Remarks


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