In Australia, cyber continues to be a critical focus for Australian Financial Services firms. Matt O’Keefe, Partner, and KPMG’s Cyber Security ASPAC Lead, states that, “heightened customer and media focus, increasing regulator expectations and a threat landscape that is accelerating in terms of volume, speed to exploit and sophistication – all conspire to increase the pressure on firms to align cyber preparedness to the risk, and to be advancing this preparedness at the same or greater pace.”
KPMG Australia’s Natasha Passley, Partner, Cyber Security – Financial Services, adds, “Our interconnected digital world means cyber crime can too often result in identify theft, fraud and data breaches, making security inevitably intertwined with fraud and scams. Organisations in financial services are best prepared for this with a robust strategy that embraces emerging tech, keeps apace with evolving regulation to reflect the critical nature of their operations; all while making the most of capability that provides holistic visibility of their environment and helps identify their greatest risk.”
