We are living in a globally connected world, fuelled by the growth in connected-devices and advances in communication technologies. The digital age and the inherent connectivity of people, devices and organizations is rapidly providing opportunities for innovation, and businesses have turned their attention to significant benefits such as creation of new products/markets and better understanding of the consumers.
The scale and evolution of cyber-attacks in the financial services industry need differential protection.. We need the expertise within all levels of the team, along with the blend of process and technology within the organization – Chairman of a leading Financial Services Capital Markets Entity.
As technology becomes all pervasive across organizations, it brings with it the risk of falling victim to cyberattacks — a potent risk that has attracted attention like never before. Are organizations across the corporate landscape alert to this emerging risk that is real? As and when a cybersecurity breach occurs, the severity of its impact will depend on how prepared and proactively engaged the board is with this challenge.
Remember Captain Kirk talking about “Space, the final frontier”? — to explore strange new worlds and boldly go where no man has gone before. As we dawn upon new vistas of technological advancement, the power of the cyberspace seems limitless. Its sovereignty, however, is under constant threat. Different technologies are being introduced every day, often outpacing the ability to properly assess associated risks.