As the frequency and sophistication of cyber aggression towards financial services continues to increase and with an ever expanding network of connected devices, driven by disruptive technologies, the challenge of keeping the organisation protected and ensuring that business requirements are met is becoming an increasingly difficult task.
Coupled with an increasingly demanding regulatory landscape, the CISO has to rethink the way data is governed, reported and utilised internally in order to remain competitive as well as avoid costly penalties and protect the brand in the eyes of the public and shareholders. GDPR is having a profound effect on the industry and many CISOs feel that their current systems and processes are just not up to the task.
Humans remain the weakest link in the chain as CISOs battle to unlock the power of a security conscious engaged workforce that operates in a collaborative manner to protect against Advanced Persistent Threats and devise, test and action a proactive incident response plan when news travels at the speed of light.
Security and Risk must be seen as a business issue and not just a problem IT has to solve – strengthening defence, developing risk management frameworks and positioning security within the organisation to ensure it starts at the top and encompasses the enterprise as a whole to achieve strategic goals.