We should move away from the term cyber “basics” I prefer to call them “fundamentals” because they are not easy but critical. We must be proactive and work to protect the whole ecosystem. However, working with smaller business vendors, who might not have significant cybersecurity, is essential. The criminals are smart and they will go for your weakest point.
JM: We have to deal with third-party and supply chain cyber risks and as a sector this is probably one of the least mature areas and where innovation is needed. The key to better protecting the organisation is to link all these products.
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It’s like having spokes on a bike wheel, things like two-factor authentication, enterprise password management, single sign-on solutions and endpoint security all must feature. Also if you’re using an identity platform, which every bank does, cybersecurity defence is not a silver bullet. So it is crucial to improve cyber hygiene, secrets management and visibility over the endpoints. What are the leading cyber threats for the financial services sector and the best tools to combat cybercrime?ĭG: It’s worth bearing in mind 80% of breaches are a result of weak passwords or stolen credentials. If you’re using an identity platform, which every bank does, cybersecurity defence is not a silver bullet. I sense we have started a more mature conversation about breaches and that’s an encouraging sign. Given the tsunami of recent headlines, people are becoming accustomed to it, but we have to work out together what “good” cybersecurity looks like. There is a tripartite negotiation between consumers, firms, and regulators and the government sector to understand what’s acceptable. Cybersecurity has moved from a very opaque topic to a conventional business challenge for boards now. JP: There is no doubt the cyber arms race is accelerating. That gives us a much better ability to spot and react correctly to suspected cyber events. We’re gradually layering into this application-level feeds so we can see the business results. A new security operations centre provides visibility in one place of our endpoints, our network and on our boundary points. JS: When I joined Metro Bank as CISO in 2019, I had two key areas of focus: ensuring our systems and platforms were in a defendable state, through patching and controls and improving the visibility of the network. Of course, it’s more expensive to knock the house around after it is built to make fixes, but this is the issue organisations with legacy challenges face. It’s often hard to explain the challenge to various parts of the business, so I like to use the analogy of building a house from scratch and forgetting the electricity. As an ecosystem, the financial services sector needs to work together and keep re-evaluating threats. It’s critical to address this operational risk, which has grown because of remote working induced by the pandemic. JM: The cybercriminals don’t stand still and the threats are evolving. As a result, CISOs have to put controls and safeguards outside the normal perimeter and think differently. Covid-19 has been a catalytic event with migration to distributed remote work and it has triggered an exponential increase in the number of endpoints to protect. What does the cybersecurity landscape look like for the financial services sector in 2021?ĭG: Everyone transacts with the financial sector. We have estimated Grant Marshall’s net worth, money, salary, income, and assets.Jason Mallinder, group chief information security officer (CISO), managing director, Credit Suisse So, how much is Grant Marshall worth at the age of 48 years old? Grant Marshall’s income source is mostly from being a successful. His net worth has been growing significantly in 2020-2021. Grant Marshall Height, Weight & MeasurementsĪt 48 years old, Grant Marshall height is 6′ 1″ and Weight 185 lbs.
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