© 2019 Bernard Marr, Bernard Marr & Co. All rights reserved
Cyber Security and Resilience
In an industry dealing with sensitive personal and financial information, and
that's an attractive target of cybercriminals, security is paramount for financial
institutions. It would be a good idea for financial institutions to assume there
will be a security breach and plan for how to minimize the damage, because
preventing all cyberattacks is nearly impossible due to the diverse ways
consumers interact with their money and the numerous vulnerabilities that exist
regardless of how much time and energy is put forth to prevent cyberattacks.
From mobile apps and web portals to third-party networks and even
susceptibilities introduced by employees and customers themselves, safety is
never ensured even if you can thwart an attack periodically.