A New Commitment to Cybersecurity

It comes as no surprise that in recent years FSIs have seen an amplified commitment to cybersecurity. As business leaders look to new solutions, large portions of IT budgets are now devoted to leveraging data and AI to thwart cyberattacks. Furthermore, regulators are taking notice of the increased risk of cybersecurity threats. Growing geopolitical tensions have also prompted federal agencies such as the Cybersecurity and Infrastructure Security Agency and the Federal Bureau of Investigation to warn that “tough sanctions imposed on Russia could prompt a spate of cyberattacks against critical infrastructure such as banks.” “how firms are safeguarding their customers’ records and assets from cyber threats, including oversight of thirdparty providers, identification of red flags related to identity theft, response to incidents, including to ransomware attacks and management of operational risk in light of ‘a dispersed workforce.’” However, as is often the case, implementing new cybersecurity strategies and processes is easier said than done. At this conference, we’ll take a closer look at the challenges associated with replacing the infrastructure of a legacy data analytics system, and how financial institutions, Governments, the privatye sectors are solving them.