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Sibos 2018: Cybersecurity

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20 February 2019
Joan McGowan

Education, Discipline and Collaboration

Abstract

The financial services industry is currently experiencing a sea change. Key drivers of this change are causing the industry to morph into an open marketplace and bringing along some unintended consequences. Despite their best efforts, financial institutions find themselves increasingly vulnerable to cyber attacks as criminals find ways to exploit inherent weaknesses in this new environment.

While financial institutions have taken significant steps to strengthen their cybersecurity programs, they continue to be thwarted by the speed of technological change, the overlay of a digital ecosystem, and by the sophistication and coordination of the threats.

In this paper, we examine the latest threats facing the industry, the steps you can take to help mitigate those threats and explore how our greatest hope of success in defeating those threats lies in collaboration and communication—effectively abolishing the silos that currently exist.

 Sibos 2018 Cybersecurity

What You Will Learn

  • The 7 megatrends in cybersecurity
  • The likelihood of a seismic attack (it’s likely)
  • The current threat level for the securities market (it’s high)
  • Why collaboration is imperative
  • The importance of education
  • The path forward

This is the one of three reports that delve into different topics explored at Sibos 2018. Click the following links to access our other discussions on Fighting Financial Crime and Payments.

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