iSecurity Social’s Post

New rules demand a timely response to cyber incidents, with FIs needing to notify regulators within 36 hours of a significant incident. Learn more about the importance of rapid response and long-term planning. #CyberRisk #CCGCatalyst #BankingResearch Put Cyber Risk on the Agenda: Tyler Brown https://lnkd.in/gBAWHm24

Two key motivators for compliance efforts are validating security controls and establishing trust with stakeholders, business leaders are saying. #equipmentfinance #commercialfinance #cybersecurity #compliance https://hubs.la/Q02L-qCz0

S-RM Shares Five Key Steps To Prepare For DORA Read more: https://lnkd.in/d4s_m-ZP #SRM #DORACompliance #RiskManagement #DigitalResilience #CyberSecurity #OperationalRisk #finance #fintech #FinancialIT

Despite being a prime target for cybercriminals, the financial sector still fails to treat cyber crime as seriously as other economic risks. With vast amounts of sensitive data and substantial monetary transactions at risk, the potential consequences of a cyber attack can be DEVASTATING, including financial loss, reputational damage, regulatory penalties, and loss of customer trust and business. Our GRC and Cyber Security Lead Miguel Clarke caught up with @financederivative to delve deeper into the issue, explaining the risk management approaches required to mitigate and manage potential breaches. Read it here: https://loom.ly/6lraKlc #CyberSecurity #Risk #FinancialRisk #CyberBreach

Spot on! The financial sector is a goldmine for cybercriminals. It’s high time for a serious overhaul of cybersecurity strategies. Great to see Miguel Clarke shedding light on this critical issue. #cybersecurity #finances #riskmanagement

Cyber risk tops the list for US bank executives, with 80% anticipating increased scrutiny. Learn about the evolving landscape of cyber risk supervision and what it means for FIs. #CyberRisk #CCGCatalyst #BankingResearch Put Cyber Risk on the Agenda: Tyler Brown https://lnkd.in/gBAWHm24

FRIDAY Read: Do banks need to embrace change ahead of DORA? YES, argues Fabio Colombo, head of global cybersecurity for financial services at Accenture, warning they will need to update and change their operating procedures, risk assessments and testing capabilities. https://lnkd.in/dBh2DQqe #Cybersecurity #ITsecurity #DORA #ITtesting #softwareengineering #SoftwareTesting #BankTech #Fintech #Finserv

As we dive into Fraud Prevention Month, our recent survey at KPMG in Canada highlights the proactive steps taken by financial institutions to embrace OFSI B-13 guidelines on technology and cyber security. Read more on our findings and join the conversation with #FraudPrevention #FPM2024: https://bit.ly/3TpVj3h

Amid RBI crackdown on lenders, NPCI strengthens information security vertical - BusinessLine: Amid RBI crackdown on lenders, NPCI strengthens information security vertical  BusinessLine #CyberSecurity #InfoSec #SecurityInsights

The new Digital Operational Resilience Act (DORA) is coming into effect in January 2025, mandating stricter IT risk management for financial institutions across the EU. 🇪🇺 Cyrex can help you achieve compliance and build an even stronger digital defence. 🔐 Our industry-leading penetration testing services: ✅ Uncover potential risks and vulnerabilities. ✅ Provide multiple testing options for tailored assessments. ✅ Simulate real-world attacks with pair hacking methodology. ✅ Deliver clear, comprehensive reports for effective remediation. Learn more about how Cyrex can help you navigate DORA compliance and fortify your financial institution's cybersecurity posture. https://lnkd.in/eBfxakiA #DORAcompliance #cybersecurity #financialinstitutions #penetrationtesting