ISSA Motor City Chapter Meeting – Thursday, October 15, 2015

Thursday, October 15, 2015
Follow the signage upon entering the VisTaTech Center at Schoolcraft College in Livonia. Food and Refreshments will be provided.

6:00PM – 8:00PM
RSVP to Secretary@motorcityissa.org

Presentation: Pickpocketing: Lessons Learned From Payment Apps and Wallets

When asked why he robbed banks, Willie Sutton famously answered “because that’s where the money is.” It is no surprise that criminals followed the money to online payment systems and digital wallets. This talk will look at several such crimes, analyzing security failures at Starbucks, Apple, Google, WeChat, and more. Amid the encryption and tokenization and PCI DSS compliance, somehow, criminals still manage to eke out a living defrauding consumers. (And by eke, we mean the estimated $3 trillion dollar cybercrime industry.) This talk will review emerging payment systems and describe the fraud and the flaws. With that as a framework, we will propose first principles for securely designing new systems that avoid the pickpocketers.

Bio: Wolfgang Goerlich – Strategist, CBI