AI & Cybersecurity in Finance: Strengthening Authentication with OTP & 2FA Workshop (with certificate / CPT)
NeOrg What to learn in this workshop?
Explore how AI enhances security frameworks through intelligent analysis and adaptive threat detection. Learn practical approaches to implementing One-Time Password (OTP) and Two-Factor Authentication (2FA) systems that bolster protection against fraud and breaches. Through real-world financial case studies and hands-on activities, discover how AI-driven strategies are redefining digital trust. Whether you're in tech or finance, this session offers critical insights into safeguarding financial systems and building resilient authentication protocols for tomorrow.
Learning Objectives
Equip participants with practical strategies to:
• Understand the role of AI in enhancing cybersecurity within financial systems
• Apply secure authentication practices using OTP (One-Time Password) and 2FA (Two-Factor Authentication)
• Evaluate security risks and compliance requirements for financial access control
• Explore AI-driven fraud detection and anomaly identification
Workshop Agenda
Session 1: Cybersecurity Essentials for Finance
Overview:
• Key cybersecurity threats in financial services
• AI's role in fraud detection and security enhancement
• Authentication methods: passwords, OTP, 2FA, biometrics
• Case study: Review recent cybersecurity breaches in finance and their impact
• Class activity: Participants assess their organization’s authentication methods and potential weaknesses
Session 2: AI-driven RWA Analysis
Overview:
• How OTP and 2FA work across platforms (SMS, email, authenticator apps)
• Secure implementation and integration with banking systems
• Compliance with financial regulations (e.g., PSD2, FFIEC, HKMA guidelines)
• Group exercise: Evaluate security trade-offs and usability challenges in authentication
Session 3: Stablecoins Strategies and Compliance
Overview:
• AI’s role in identifying fraudulent transactions and suspicious logins
• Behavioral biometrics & anomaly detection for financial security
• Real-time monitoring & alerting using AI models
Session 4: Stablecoins Strategies and Compliance
Overview:
• Best practices for integrating AI-enhanced security in financial access control
• Balancing user experience and security enforcement
• Audit logging and compliance reporting
• Group discussion
• Financial professionals with security responsibilities
• Risk and compliance officers
• IT managers in financial institutions
• Digital banking and fintech product teams
• Cybersecurity analysts
Speaker: Mr. Felix Kan, Founder and CEO, CyberBay
Name : Mr. Felix Kan
Title : CEO & Co-founder of Reimagine Cyberbay Limited (Cyberbay)
Felix is an ex-PwC Partner who started his career as an ethical hacker with 10 years of extensive consultation experience. During the period, he co-founded PwC’s Darklab, Hackaday and Hackbot. He also developed real life attack simulation methodology and helped his corporate clients to transform on their cyber journeys. Meanwhile, Felix successfully helped his corporate clients to transform their cyber defence strategies and enhance their operational defence tactics.
Felix’s key areas of expertise and experience include IT governance, IT security framework, application and data security, IT risk, security management, technology architecture and ethical hacking focusing on high security network, web and mobile applications.
For education and Professional Certifications, Felix is a Designer and developer of CatchMe, a PwC proprietary tool, Offensive Security Certified Professional, GIAC Web Application Penetration Tester and a Certified Ethical Hacker.