Head of IT Risk and Security
Crestone Wealth Management
Technology is developing at a rapid pace, and where there is potential for exploitation, financial criminals utilise this technology. Whilst concepts like “blockchain” and “quantum computing” may have once seemed like far-off speculation, they are now far more present and immediate. Cryptocurrency is more widespread than ever, peaking at over $5Bn USD in transactions in a single day in December, 2017. Quantum
computing is still an estimated two to five years away from widespread use, but with around $1Bn invested in it over 2016, it is a developing technology. If early metrics are to be believed, it has the potential for massive efficiency increases in risk management and fraud detection capabilities, as well as a heightened security risk if utilised by criminal organisations. This panel discussion will focus on the future of technology and its ongoing role in both financial crime and solutions to it.