About the conference
On 8-9 November 2023, the BIS Innovation Hub Nordic Centre and the BIS Cyber Resilience Coordination Centre will host the first Cybersecurity for Central Bank Digital Currencies (CBDCs) conference.
Conference background
As central banks explore the possibilities of issuing CBDCs, cybersecurity is emerging as a paramount concern. The CBDC ecosystem adds new attack surfaces and risks to an already complex cybersecurity landscape for central banks. The ability to manage these risks effectively is a key factor for ensuring the robustness, resilience and adoption of CBDC systems. For the first time the BIS is hosting a conference on safeguarding CBDC and strengthening cyber defenses to provide a unique platform for central banks, the public sector, the private sector and academia to share their findings from research and real-world experience, to exchange best practices and to build a stronger community for a secure and resilient future monetary system.
Through keynote speeches, panel discussions, thematic tracks, breakout discussions, and project demonstrations, the following are among the topics that will be covered:
- The evolving cyber threat landscape
- Digital transformation and automation for cybersecurity
- Application of existing security frameworks for CBDCs
- Novel attack patterns for DeFi that could apply to CBDCs
- Cyber risk management and governance for CBDCs
- Design considerations for a secure CBDC system
- The threat from quantum computing and roadmap for quantum safety
- Offline payments and associated security and risk areas
- Data privacy and compliance in CBDC systems
- Presentations of Innovation Hub projects with a cybersecurity focus
This is an in-person only event held at the Bank for International Settlements in Basel.
Places are limited and we invite interested parties to express their interest in attending this event by emailing NordicCentre@bisih.org. When confirmed, you will receive a registration link and further logistical details.
Attendance to the conference is free of charge, however delegates would need to cover their own travel expenses.
We look forward to welcoming you to the conference.
Day 1 - 8 November
09:00 - 09:15
Agustin Carstens, BIS General Manager
Beju Shah, Head of Nordic Centre, BIS Innovation Hub
09:15 - 10:00
| Theme: Cyber Threat Landscape | Marcus Murray Truesec |
| Theme : Strategy for managing cyber risk and protecting critical assets | Clay Lin, World Bank Group CISO and Director of IT Risk |
10:00 - 10:30
Marcus Murray, Clay Lin
Chani Simms, Managing Director, Meta Defence Labs
Moderator: David Whyte
11:00 - 11:30
William Zhang, Adviser, BIS Innovation Hub – Nordic Centre
11:30 - 12:00
María Jesús Orellana, Operational Risk Manager, Central Bank of Chile
Antonieta Campa, Manager, Risk Strategy and Project Management Division, Bank of Mexico
David Whyte, Head of Corporate Security & Cyber Resilience Coordination Centre, BIS
13:15 - 13:45
Daniel Eidan, Adviser, BIS Innovation Hub – Swiss Centre
13:45 - 14:15
Haroldo Jayme Martins Froes Cruz, Head of Information Technology Department, Central Bank of Brazil
Dinesh Shah, Director of Fintech Research, Bank of Canada
Dr. Thammarak Moenjak, Senior Director, Bank of Thailand
Moderator: Beju Shah, Head, BIS Innovation Hub – Nordic Centre
14:15 - 14:45
Robert Oleschak & Mike Alonso, Advisers, BIS Innovation Hub – Swiss Centre
| Governance Track | Technical Track | |
|---|---|---|
| 15:15 - 15:45 | CBDC Governance considerations Iwa Salami, University of East London | Quantum safety and readiness Pietro Tiberi, IT Manager, Bank of Italy |
| 15:55 - 16:25 | CBDC Cyber Risk Management Majid Malaika, Chief Advisor, Saudi Central Bank | Offline CBDC Technical Considerations Ben Dovey, Adviser, BIS Innovation Hub - Nordic Centre |
| 16:35 - 17:05 | CBDC & System Resilience Giulia Fanti, Carnegie Mellon University | DLT and Smart Contract Security Zhong Chen, Professor of Computer Science, Peking University |
| 17:15 - 17:45 | CBDC & Cloud Risk & Security Shrimant Tripathy, World Bank | Closing the CBDC Security Threat Modelling Gaps Sameh Mekhail, Deputy Head of CRCC, BIS Ying Auyporn, Senior Cybersecurity Engineer, Bank of Thailand Jonathan Lee, Deputy Director of Cybersecurity, Monetary Authority of Singapore Jon Baker, Director, Center for Threat-Informed Defence, MITRE Engenuity |
Day 2 - 9 November
09:00 - 10:50 Round 1 and 2 (repeat of the same breakout sessions)
11:20 - 12:00 Breakout session recap - Spokesperson for each group
All participants
| Topic 1 - CBDC and risk management (Majid Malaika) | Topic 2 - CBDC and threat modelling with MITRE ATT&CK (Ying Auyporn and Jonathan Lee) |
| Topic 3 - Quantum safety and readiness (Marco Brenner, IBM Research) | Topic 4 - CBDC and cloud risk/security (Shrimant Tripathy) |
| Topic 5 – Generative AI and security implications (Yannis Kalfoglou) | Topic 6 – CBDC and Privacy (Giulia Fanti) |
| Topic 7 – Demystifying BIS IH projects (Mike Alonso & Jack Ho) | Topic 8 – CBDC and machine-to-machine payments (Volker Skwarek, Hamburg University of Applied Science) |
| Topic 9 – Offline payments with CBDC (Ben Dovey) | Topic 10 – Public-private partnership for CBDC development (Joy Wann, MasterCard) |
13:15 - 13:45
Angela Dupont, Adviser, BIS Innovation Hub – Eurosystem Centre
13:45 - 14:15
Yannis Kalfoglou, Seasoned AI Expert
14:15 - 15:00
Silvio Petriconi, Senior Expert and Tech Lead, Deutsche Bundesbank
Majid Malaika, Chief Adviser, Saudi Central Bank
Veljko Andrijasevic, Technical Expert and Principal Architect, Riksbank
Moderator: William Zhang
15:30 - 16:15
| Theme: Payments and Cybersecurity in a Hyper-Connected World | Prof. Volker Skwarek, Hamburg University of Applied Science |
| Theme: Innovation in Cybersecurity | Chenxi Wang, Managing General Partner, Rain Capital |
16:15 - 16:25
Cecilia Skingsley, Head of BIS Innovation Hub