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Our panel will discuss how businesses in the financial services industry can achieve the goal of being “cyber resilient” - looking at some real life examples and cautionary tales of when things “go wrong” and practical ways that businesses can address cyber risk, including by engaging with fintechs.
Cyber resilience has become a hot topic in the financial services industry due to the rapidly changing regulatory landscape and increased focus of the regulators on firms being able to evidence their ability to respond to and recover from cyber attacks. The shift to home working during the COVID-19 pandemic has opened up potential vulnerabilities that can be exploited by increasingly sophisticated cyber criminals and this has been evident from the recent surge in cyber incidents affecting businesses during this time.
With this backdrop, it is more important than ever for firms to have in place robust processes and procedures to ensure that a cyber attack does not impact their ability to continue to provide services to customers. Although fintechs are alive to cyber resilience issues for their businesses, they often do not have the level of cyber resilience support needed by major FS players, which can get in the way of collaboration.
We are joined by representatives from Lloyds Banking Group and Check Point for an informal panel discussion with plenty of opportunity for questions and thought sharing.
All businesses operating in the financial services industry, from traditional financial institutions, such as banks, insurers and asset managers to fintechs.
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