With Sibos only a few days away, I am looking forward to participating on the ‘Managing Risk and Compliance in a Digital Era’ panel, where we will discuss the evolving cybersecurity threat landscape and current risks posed to the financial services industry.
This discussion comes at a time when the rise of technological transformation is inadvertently leaving institutions, their employees and their customers exposed to potential risks. Cyber threat actors are constantly finding new ways to mount sophisticated
attacks against the interconnected financial services sector, with market participants becoming increasingly vigilant in protecting their networks. As financial institutions look to capitalise on the wave of digitalisation, there are three key areas institutions
should consider, remaining one step ahead of the evolving risk landscape.
Ecosystem interconnectedness
The financial system today is truly global. While the sector’s interconnectivity has provided significant benefits across the industry, such as streamlining global trading and greater access to financial products and services, interconnectedness has also
introduced new vulnerabilities. For instance,…
