In Austin last week American Banker hosted their annual Digital Banking Conference where banks of all sizes gathered to discuss...
Citi, Zurich Insurance, Kabbage and DTCC are working to develop the new standards for tech companies; while large institutions have invested significantly in preventing cyber attacks, there are risks with partnering with fintechs who may not have as robust as systems in place; these backdoor attacks pose a significant risk to financial institutions; Michael Bodson, president and chief executive of DTCC stated, “We all live and die by each other; the weakest link in the chain is the highest point of vulnerability”. Source
According to cybersecurity company BioCatch, new market trends such as faster payments and open banking are introducing new security threats to corporate...
While making cybersecurity a priority, financial institutions' board members feel as unprepared for cyber attacks as peers in other sectors.
Happy New Year everyone. As I do every year at this time I make a few predictions for the year...