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The Cyber Revolution in the Global Financial Sector
Rustat Cyber Series


Rustat 30 September 2013


In collaboration with the Cambridge University Computer Laboratory
An Academic Centre of Excellence in Cyber Security Research - ACE CSR


Conference Background and Objectives:
- New technologies and processes are revolutionising the global financial sector, presenting a range of opportunities as well as vulnerabilities and uncertainty. London’s status as a global financial hub will depend on how it reacts to technological innovation in the cyber economy. This conference provided a chance to learn about these important changes and challenges.

- The conference created a dialogue between the influential stakeholders in this rapidly changing landscape: bankers, regulators, technologists, researchers, entrepreneurs, and government – each can share with others the developments in their own fields of expertise.

- The meeting provided stakeholders with an opportunity to set the direction of travel and shape the changes ahead to optimise benefits and minimise threats across a range of vital issues including:

i. The future of UK financial regulation and British competitiveness post-FSA.

ii. Cyber Innovation: for example, behavioural analytics; the rise of private cyber cash, new payment platforms, mobile banking, privacy and consent, economics of cyber security.

iii. Threats to national economic security from cyber crime and attack, and to the City of London from new financial capitals such as Shanghai and Dubai.

iv. How to optimise Cyber Finance collaboration between Silicon Fen and Silicon Valley, research, entrepreneurs, VCs, the City, government and security services.

Conference Schedule
Rustat Conference, Jesus College, Cambridge - 30 September 2013
Plenary roundtable sessions, talks and discussion will roadmap this important area, combining the interdisciplinary expertise from computer science, economics, investment, banking, finance, technology, engineering, government, and law enforcement to determine the key challenges, problems to be solved, and the priorities.

Computer Laboratory, University of Cambridge - 1 October 2013 (Optional Day 2)
A smaller group convenes to map out a plan for next steps with more specific actions. What can research and innovation do for the resilience of the economy? Presentations by researchers on work relevant to financial services innovation: security, cloud / virtualisation, internet, privacy. We aim to attract the participation of start-up representatives from incubators such as Hauser Forum, St. John's, Cambridge Enterprise and venture capital.


Participants at previous Rustat Conferences on Cyber Security include:

Baroness Pauline Neville-Jones - UK Government's Special Representative to Industry on Cyber Security
Sir Kevin Tebbit- Chairman Finmeccanica UK, former Director GCHQ
Misha Glenny - Journalist, author of Dark Market: CyberThieves, CyberCops and You
Lt Gen Sir Edmund Burton - Chairman, Information Assurance Advisory Council – IAAC
Professor Sir David Omand GCB - former Director GCHQ
Paul Collacott – Dep Director, Cyber Security, GCHQ
Tim Dowse – Director, Intelligence and National Security, FCO
Sir Richard Dearlove - former Chief, SIS, Master, Pembroke College, Cambridge
Raj Samani - Chief Technology Officer EMEA, McAfee
Computer Laboratory, University of Cambridge - Professor Ross Anderson, Professor Jon Crowcroft, Dr Richard Clayton, Dr Rex Hughes, Dr Steven Murdoch, Dr Frank Stajano
Alex van Someren - Director, Amadeus Capital Partners, founder nCipher
Joseph Menn - Cyber Security Correspondent, Financial Times
Simon Hales – Global Head, Information Security Risk, HSBC
Bruce Helman - Cyber Security and Counter Espionage FBI – US Embassy, London
Rena Lalgie - Director, Cyber Security, Department for Business, Innovation and Skills BIS
Robert Hayes - Director, Microsoft Institute for Advanced Technology in Governments, Microsoft
Dr Steve Marsh - IAAC; Visiting Professor, Defence Academy UK; OCSIA
Bill Windle - Cyber Security Expert, PA Consulting Group
Charlie McMurdie - Head of Police Central eCrime Unit, Metropolitan Police
Mark Pritchard MP - Chair All Party Parliamentary Group, Cyber Security
Oscar O’Connor - Director, Finmeccanica Cyber Security Solutions
Stewart Room - Partner, Privacy & Information Law Group, Field Fisher Waterhouse
Chris Hardy - Director, Government, Defence and Security, McAfee
Richard Nethercott - Director, Cyber Security, Logica
Jon Moynihan - Executive Chairman, PA Consulting Group
Hugh Eaton OBE - Director, Defence and Intelligence, Cisco
Chris Hardy - Director, Government, Defence and Security, McAfee
Professor Jamie MacIntosh – Institute for Security and Resilience Studies, UCL
Mark Ploszay - Defence and National Security Programme Director, i2 Group Ltd


We thank our sponsors:
Bank of England
Detica (BAE)
Standard Chartered Bank



For a copy of the conference report please contact: info@rustat.org