Securing the future monetary system
Cybersecurity for Central Bank Digital Currencies, 8-9 November 2023
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.
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.
8 November 2023 (08:15-18:30 CET)
08:15-09:00 |
Registration and morning coffee |
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09:00-09:15 |
Welcome and opening remarks |
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09:15-10:00 |
Opening keynotes
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10:00-10:30 | Roundtable Discussion |
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10:30-11:00 | Break |
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11:00-11:30 | Project showcase: Polaris – A framework for secure and resilient CBDC systems |
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11:30-12:00 | Panel: CBDC information security and operational risks to central banks |
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12:00-13:15 | Lunch |
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13:15-13:45 | Showcase: Project Sela - An accessible and secure retail CBDC |
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13:45-14:15 | Panel: CBDC and security - lessons from the field |
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14:15-14:45 | Showcase: Project Tourbillon |
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14:45-15:15 | Break |
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Governance Track | Technical Track | |
15:15-15:45 | CBDC Governance considerations |
Quantum safety and readiness |
15:50-16:20 | CBDC Cyber Risk Management |
Offline CBDC Technical Considerations |
16:25-16:55 | CBDC & System Resilience |
DLT and Smart Contract Security |
17:00-17:30 | CBDC & Cloud Risk & Security |
Closing the CBDC Security Threat Modelling Gaps |
17:30-18:30 | Apero |
9 November 2023 (08:30-16:30 CEST)
08:30-09:00 |
Morning coffee |
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09:00-09:50 |
Facilitated breakout sessions - Round 1
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10:00-10:50 |
Facilitated breakout sessions - Round 2 |
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10:50-11:20 | Break |
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11:20-12:00 | Breakout session recap |
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12:00-13:15 | Lunch |
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13:15-14:15 | Showcase: Project Leap |
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14:15-15:00 | Panel: Cybersecurity and CBDC projects on the horizon |
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15:00-15:30 | Break |
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15:30-16:15 | Final keynotes:
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16:15-16:30 | Closing Remarks |