Welcome to LSEC, an internationally renowned Information security cluster, a not for profit organization that has the objective to promote Information Security and the expertise in BeNeLux and Europe. Founded by the University of Leuven (K.U. Leuven), supported by European Commission FP7 and leading a unique PAN European Private partnership that interacts with Public Institutions, LSEC connects security industry experts, research institutes and universities, government agencies, end users, funding bodies and technical experts who are driving national and European research agendas. LSEC activities aim to raise cyber security awareness, support innovation and competitiveness of the European IT- Security market and promote the visibility of its members.
On April 27th, LSEC - cyber security hub - in collaboration with B-Hive - fintech hub - organized a first joint event focused on the ongoing innovative developments in the financial services domain impacting not only financial services, but also its supply chain and operational transactions such as cyber security and information security components.
An insightfull perspective by authentication expert Isabel group introduced us into some of the challenges, including authentication developments and helping understanding some of the complexities which resulted in the current RTS (regulatory technical standard) and SCA (Strong Customer Authentication) for TTP (trusted third parties). The PSD2 directive already exists since January 2016, and is currently being adopted by the European Member States, in particular their NCA (national competent authorities), usually the regulators. Next to the PSD2 directive that amongst other enables other companies to access account information for payment services, new developments such as API's are equally seeing their routes into market. The Glue and Oracle presented insightful views of the current developments towards Open API. The NBB (National Bank of Belgium), one of the co-authors of the RTS, keynoted the event with the core fundamental behind these developments and insights in some of the working that had led to its current state. He also indicated some future routes. Identity technology provider TrustBuilder and authentication providers Vasco and SDO presented their views on the role of existing and developing authentication technologies. During some of the panels, the operators such as Ingenico and Twiki reasoned on their current challenges and how they got there; Finally other security challenges were brought by BAE Systems, indicating that there is much more than authentication in securing these new developments.
For more information and documentation background, visit the event page.