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Cybersecurity: Not My Problem Not an Option

Try a four-step, closed-loop process.

By Arian Evans | Updated on July 03, 2016

You are the chief information security officer of a large financial institution. You spend tens of millions of dollars annually to secure your organization’s network, firewall and endpoints. Unless you focus on security outside your firewall, your efforts are akin to building a fireproof, bulletproof safe with reinforced steel walls – then setting the combination to “1-2-3-4.”

That’s because banking and financial services firms live by the critical data they collect – customer and member account details, financials, cardholder data, tax information, transaction data and more. As your organization increasingly relies on digital channels (web, mobile and social) for banking transactions and other interactions, it’s continuously probed by cybercriminals looking for vulnerabilities to access that data.

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