Roundtables

The state of financial services' security

Banks, insurers and other financial services companies held their own during the pandemic’s transition.

12 July 2021

Financial services are a natural target for cybercriminals. Besides access to capital, the digitisation of financial services can make easy prey of banking customers and employees. Such concerns existed before the pandemic arrived, so how did the industry fare as it adjusted to remote working and even greater digital access to financial systems?

The short answer is: pretty well. Financial services institutions (FSIs) deserve credit for their active interest in technology and not shying away from what some would call disruptive innovation. That groundwork is apparent in how well and swiftly many FSIs handled challenges such as data leakage.

ITWeb Premium

Get 3 months of unlimited access
No credit card. No obligation.

Already a subscriber Log in