Articles

Cybersecurity: Emerging Challenges & Solutions For Boards of Financial Services Companies

By Tucker Bailey, Soumya Banerjee, Christopher Feeney, and Heather Hogsett

Cybersecurity has become a top concern for the boards of financial-services firms, and the level of concern seems...

Cyber: New Challenges [For Boards/C-Suite Executives] In COVID-19 Disrupted World

By Mary Galligan and Deborah Golden

Background: The pre-COVID-19 environment

Cyber, and the challenges it presents to businesses of all types...

OCC Warns On Cyber & Fraud Lapses Urging Tighter Relevant Internal Controls

OCC warns on cyber and fraud control lapses during Covid OpRisk North America: Covid-induced changes in operations and working practices creating openings for bad actors, says senior regulator Steve Marlin 21 Oct 2020 Tweet   Facebook   LinkedIn   Save this article Send to   Print this page  ...

2020 IIF & McKinsey Survey Results On Cybersecurity Posture of Global Financial Services Industry

Cyberrisk has become one of the top risk concerns among financial-services firms, and new research from the Institute of International Finance (IIF) and McKinsey can help provide an understanding of ways firms can enable and strengthen cyber resilience.

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Sophisticated Organisations Moving From Maturity to Risk-Based Approach to Tackle Cybersecurity Challenge

The most sophisticated institutions are moving from a “maturity based” to a “risk based” approach for managing cyberrisk. Here is how they are doing it.

Top managers at most companies recognize cyberrisk as an essential topic on their agendas. Worldwide,...

Strengthening [Cyber/Other] Institutional Risk & Integrity Culture [In COVID-19 Era

Many of the costliest risk and integrity failures have cultural weaknesses at their core. Here is how leading institutions are strengthening their culture and sustaining the change.

The COVID-19 pandemic has created a time of unprecedented change for both...

Reshaping the cybersecurity landscape: How digitization & COVID-19 are accelerating needs at many financial institutions

Cybersecurity for financial institutions was critical before COVID-19 hit—and likely even more so now. This year’s Deloitte and FS-ISAC survey reveals why firms may need to prioritize and reinvest in cyber protection programs.

Pursuing cybersecurity maturity at U.S. and global financial institutions

WE ARE ENTERING an era in which digital and physical technologies are more combined and connected than ever. For financial institutions, developing an innate understanding of where and how they could encounter cyber risk in this environment is now of primary importance. At the same time,...

Leaders Adapt to Manage Cybersecurity Everywhere

A panel of cyber leaders explains various strategies for handling rapidly evolving risks, including the intersections among technology, people, and process. 

Information security officers have a significant responsibility to elevate cybersecurity in their organizations to drive effective...

Nearly 1/3 Spike In Cyber Attacks On UK Businesses

Police data revealed that cyber attacks on U.K. businesses increased 31% year-over-year in May and June, Security Magazine reports. Nearly 3,500 businesses suffered cyber attacks between September 2019 and September 2020 and lost more than £6.2 million ($8.1 million). Of those cases, 1,740 were...

EU Seeks Authority to Cut Off Banks’ Tech Suppliers if Found Wanting on Cybersecurity

Banks and other financial institutions could be forced to cut ties with cloud providers and other technology suppliers under a draft European Union regulation that aims to limit cybersecurity risks to the sector.

National regulators in EU countries could require banks to stop using...

EU Agency For Cybersecurity (ENISA)’s 2020 Threat Landscape Report [In Era of COVID-19 Cyber Attacks By Increasingly Sophisticated Hackers]

The European Union Agency for Cybersecurity (ENISA), with the support of the European Commission, EU Member States and the CTI Stakeholders Group, has published the 8th annual ENISA Threat Landscape (ETL) report, identifying and evaluating the top cyber threats for the period January 2019-April...