Remove Banking Remove Security Remove Systems Review
article thumbnail

Copilot: an indispensable tool for banking security teams

CIO

The threat to banks from cyber crime is becoming increasingly complex, as state actors and criminal gangs become more adept at targeting vulnerabilities. A report by the Bank for International Settlements singled out the growth of cloud-based services and remote working as two of the primary drivers behind the heightened risk.

Security 258
article thumbnail

INE Security Alert: The Steep Cost of Neglecting Cybersecurity Training

CIO

In modern business, cybersecurity is not merely a technical concern but a crucial financial safeguard. With cyber threats growing in sophistication and frequency, the financial implications of neglecting cybersecurity training are severe and multifaceted. The average cost of a data breach ballooned to $4.88

Training 302
article thumbnail

How AI continues to reshape the cybersecurity arsenal

CIO

With each passing day, new devices, systems and applications emerge, driving a relentless surge in demand for robust data storage solutions, efficient management systems and user-friendly front-end applications. As civilization advances, so does our reliance on an expanding array of devices and technologies. billion user details.

Security 311
article thumbnail

CrowdStrike incident has CIOs rethinking their cloud strategies

CIO

The widespread disruption caused by the recent CrowdStrike software glitch, which led to a global outage of Windows systems, has sent shockwaves through the IT community. While the issue is being resolved, it has highlighted the potential for catastrophic consequences when a critical security component fails.

article thumbnail

Steps CIOs should take to protect customer data in Nigeria’s open banking systems

CIO

Due to Nigeria’s fintech boom borne out of its open banking framework, the Central Bank of Nigeria (CBN) has published a much-awaited regulation draft to govern open banking procedures. And at its core is the need to secure customer data through a robust set of requirements. Securing customer data. “One

Banking 296
article thumbnail

The evolving role of security and IT in DR and incident response

CIO

However, as ecommerce has proliferated, security threats have increased, elevating cybersecurity to a board-level concern. Early cybersecurity threats were limited in their scope and damage, but current threats can ruin a business. Worldwide responses show that attackers are increasingly able to extract more sensitive data.”

Security 266
article thumbnail

Cybersecurity Snapshot: Schools Suffer Heavy Downtime Losses Due To Ransomware, as Banks Grapple with AI Challenges

Tenable

Meanwhile, check out the AI-usage risks threatening banks’ cyber resilience. And get the latest on AI-system inventories, the APT29 nation-state attacker and digital identity security! More key findings include: The NIST Cybersecurity Framework has been adopted by 67% of respondents. days, up from almost 9 days in 2021.