Editor's picks: Developments in cybersecurity

By Alex Hammond | 12 May 2017

1. Why the human factor must be taken out of the authentication process

 

 

 

Jeff Carpenter, Vertical Market Director, Crossmatch

Today’s need for smarter cybersecurity in financial services is a self-evident one. As corporations embrace the digital age, increasing volumes of valuable data are stored online, and an increased number of users are granted access to that data through a variety of channels (and therefore become end points of the system). This development results in greater opportunities and rewards for the cybercrime community as the already target rich environment expands.

2. Five ways to bolster your cyber defences

 

 

 

Aaron Miller, Systems Engineering Manager, Palo Alto Networks

Financial organisations hold critical personal, financial and operational information which has made them particularly attractive targets for cybercriminals - last year the Financial Conduct Authority reported that UK finance groups were facing huge increases in the number of attacks they faced. While trying to protect this data, internal security and network teams are also coming under increasing pressure to support new technologies in the workplace, enable safe access to customer financial data from myriad entry points, and ensure compliance over financial transactions and sensitive customer data.

3. Why threat hunting is the future of cybersecurity

 

 

 

 

Alex Hammond, Managing Editor, bobsguide

bobsguide sat down with Peter Cohen, Strategic Director for Countercept at MWR InfoSecurity, to dscover more about threat hunting, cybersecurity’s newest trend that putting humans back at the centre of cybercrime defence systems in conjunction with innovative technology.

4. How the evolution of cybersecurity has led to GDPR

 

 

 

Jocelyn Kryslik, Product Marketing Manager, Stormshield

Businesses across Europe are steadily increasing preparations for the new European regulation on the protection of personal data (GDPR). For those handling customer data of any kind, this will mean a major transition and between now and May 2018; companies and employees will need to make sure they review their procedures and have everything ready to comply with the regulation, and the new demands it makes, before it starts raining sanctions. 

5. PwC EMEA Fintech Leader: It’s time for the industry to co-operate

 

 

 

Alara Basul, Reporter, bobsguide

A recent PwC survey, Redrawing the lines: FinTech’s growing influence on Financial Services pin-points the relationship between and banks and fintechs and highlights the key challenges that will make an impact on the financial services industry. The study reveals that 61% of UK financial services industry leaders believe they could lose as much as 40% of their revenue to standalone fintech firms, compared to 51% of financial services leaders globally. Additionally, financial services firms believe that up to 40% of their revenue is at risk of being lost to independent fintech terms.