Remove Banking Remove Information Security Remove Software
article thumbnail

Case in point: taking stock of the CrowdStrike outages

CIO Business Intelligence

Last summer, a faulty CrowdStrike software update took down millions of computers, caused billions in damages, and underscored that companies are still not able to manage third-party risks, or respond quickly and efficiently to disruptions. It was an interesting case study of global cyber impact, says Charles Clancy, CTO at Mitre.

CTO Hire 292
article thumbnail

Copilot: an indispensable tool for banking security teams

CIO Business Intelligence

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.

Banking 275
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

CIO Business Intelligence

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. Traditional banking is fading away,” he says.

Banking 299
article thumbnail

5 challenges for securing the future

CIO Business Intelligence

Information security has been an intriguing part of our past, is a critical part of our present, and will be a defining factor in our future. The economics of security are clear: “There is no financial stability without cybersecurity,” writes Loretta J. Mester , President and CEO of the Federal Reserve Bank of Cleveland.

Security 325
article thumbnail

The ‘Great IT Rebrand’: Restructuring IT for business success

CIO Business Intelligence

Breaking the mold As the lines blur between business and technology, investment banking firm Edward Jones is refashioning IT along two parallel paths. While cybersecurity has traditionally been under IT’s wing, many firms are revamping reporting structures to create a direct line from the chief information security officer to the CEO.

Insurance 336
article thumbnail

Elevate Your Protection Strategy at CSO’s Future of Cybersecurity Summit

CIO Business Intelligence

Brian Behlendorf, general manager of the Open Source Security Foundation , will explain a new effort backed by Amazon , Google , Microsoft and others to improve the security of open-source software. On July 20, the summit begins by tackling an issue facing many security leaders: burnout. Don’t miss out – register today.

Strategy 312
article thumbnail

25 enterprise tech predictions and goals for 2025, from APAC CIOs

CIO Business Intelligence

src="[link] alt="alex tan" loading="lazy" width="400px"> Alex Tan Group Chief Information Officer (Yinson) As 2025 unfolds, we foresee a shift in the technology landscape: The generative AI (genAI) frenzy will give way to pragmatic applications, commencing with bespoke in-house chatbots that streamline operations.