BAN2005. Cybersecurity

Cybersecurity was a key focus area for financial institutions even before COVID-19 hit. It’s even more critical now. This year’s Deloitte and FS-ISAC survey reveals why companies may need to prioritize and invest in more cyber programs.

With cost reduction likely to gain importance, actions taken to reduce operational costs should be evaluated carefully for their cybersecurity implications. Companies should consider corrective measures to ensure that cost reduction initiatives do not expose them to additional cyber risks, such as insider threats.

Learning Objectives:

• Evaluate key steps to addressing cybersecurity issues
• Assess protocols for securing environments in the next normal environment
• Determine what makes a cyber program successful, including benchmarks regarding spend, operating model and reporting practices