Happy to have attended the "Navigating Cyber Threats in Finance" event by the Wall Street Technology Association (WSTA), where industry experts shared their insights about the critical cyber challenges in the financial sector today. Here are some my takeaways:
1. Regulatory compliance remains a top concern, with decoupling from sanctioned regions is still a challenge.
2. Single Sign-On (SSO) and Multi-Factor Authentication (MFA) offer good protection against account takeover, but DNS tricks still pose risks for the portal , redirecting users to malicious sites. DNS protection becomes vital.
3. With companies incorporating more vendors into their security solutions, supply chain risks increase, leading to a plan to consolidate stacks to minimize vulnerability.
4. Prioritizing both performance and security with Bring Your Own Devices (BYOD) is becoming important.
5. Automated attacks targeting online financial services become more complex due to the high profits involved.
6. Proactivity is key for defending against cyber adversaries in finance, as it is more cost-effective to prevent attacks than to react to them.
7. Zero-Trust Security has become the norm in Finance.
Thanks to all the speakers and organizers.
#Cybersecurity #Finance #WSATechAssoc #RiskMitigation
Today's virtual session begins soon! We're looking forward to an insightful #cybersecurity event.
Thank you to our sponsors Booz Allen Hamilton, Check Point Software, F5, Infoblox, Verizon Business, and HUMAN!