[APAC] Solving FinTech’s Top 4 Security Anxieties - ERP Spain.com - España y América Latina

In the past year, 70 percent of financial services institutions (FSIs) have been victimized by ransomware*, while direct attacks on bank employees have increased by 38 percent during the pandemic lockdown*. With 30 percent of employees projected to remain permanently remote after 2021*, the need to secure your global workforce has never been greater. To uncover what matters most to banks and other financial institutions, we spoke to many of our top clients in the field to help articulate common pain points in this changing environment. To our surprise, “overall security” was only second on the list and not the primary consideration. Join Upendra Mardikar, Chief Security Officer of Snap Finance and David Eckstein, Chief Financial Officer of Menlo Security, as we discuss the top four pain points that decision-makers should think about now and in 2021 to protect their company and employees from potentially devastating financial losses. Learnings and topics covered: ● Discussion of C-Suite anxieties in confronting the realities of cybercrime ● The most frequently stated cybersecurity pain points stated by FSIs ● The influence of budgets on purchasing decisions ● The importance of connectivity for smaller FSIs ● How Menlo’s cloud proxy is uniquely positioned to address these pain points Sources: - Cyberthreat Defense Report: https://cyber-edge.com/cdr/ - FSI Briefs "Financial crime in times of Covid-19 – AML and cyber resilience measures": https://www.bis.org/fsi/fsibriefs7.pdf - Deloitte "Reshaping the cybersecurity landscape": https://www2.deloitte.com/us/en/insights/industry/financial-services/cybersecurity-maturity-financial-institutions-cyber-risk.html