Financial Services Cybersecurity Weekly Briefing 05-25-2018

Weekly FS Cybersecurity Blast

Weekly FS Cybersecurity Blast

Financial Sector Security Remains at Forefront, Will Steer Cyber Policy
Banking, financial services and insurance (BFSI) cyber security controls have blazed trails for the wider industry, while remaining firmly beneath the microscope of today’s practitioners. Seismic shifts within BFSI security have often reflected into the wider plain; and that’s not something the industry takes lightly.


Banks Take Military Approach to Cybersecurity
Now, at least a dozen fusion centers have been created at major financial institutions like Citigroup and Wells Fargo, as well as regional banks such as Bank of the West. In addition, Fifth Third Bank is building a fusion center in its Cincinnati headquarters, and Visa, which created its first two years ago in Virginia, is developing two more in Britain and Singapore.


Why Trust is the Essential Currency of Cybersecurity
What we see, many times, and you talk about what the risks are around trust and the digital transformations, we see trust being destroyed when there’s not the clear notion of being transparent with the customers about expectations. Ultimately, we think this notion of explicitly giving customers artifacts and evidence and reasons why they should be trusted as a third party, as a provider, as a partner, really becomes foundational to the notion of building trust, continuing to build that currency.


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