Enhancing the cyber resilience of the financial sector

While technology brings new opportunities to the financial sector from efficiency gains to providing increased access and usage to financial services for individuals and entities, it is also true that explosion of digital financial services has exponentially expanded the attack surface that criminals can exploit. Within this context, cyber threat is borderless, and the capabilities of the adversaries are constantly evolving, readily scalable and increasingly sophisticated, threatening to disrupt the interconnected global financial systems. The cyber incidents suffered by financial services and infrastructure providers have resulted in severe financial, economic, operational and reputational loss for the targeted entity and the industry at large