{"id":6524,"date":"2020-12-04T15:58:38","date_gmt":"2020-12-04T13:58:38","guid":{"rendered":"https:\/\/welaikaadv.site\/toothpic\/?p=6524"},"modified":"2020-12-04T16:00:34","modified_gmt":"2020-12-04T14:00:34","slug":"the-digital-revolution-of-cybersecurity-in-financial-services","status":"publish","type":"post","link":"https:\/\/welaikaadv.site\/toothpic\/the-digital-revolution-of-cybersecurity-in-financial-services\/","title":{"rendered":"THE DIGITAL REVOLUTION OF CYBERSECURITY IN FINANCIAL SERVICES"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong><em>\u201cCybersecurity in Financial Services\u201d: The Innovation Group <\/em>workshop explains how to manage cyber risk in financial services especially during the digital revolution caused by the COVID-19 crisis.&nbsp;<\/strong><\/h3>\n\n\n\n<p>The online event <strong>&#8220;Cybersecurity in Financial Services&#8221;<\/strong> organized by \u201c<strong>The innovation Group\u201d<\/strong> on Wednesday November 25th&nbsp; was an interesting opportunity for an in-depth analysis&nbsp; on the <strong>security of governance<\/strong>, <strong>cyber risk management and the internal security of digital assets connected to the financial sector.<\/strong><\/p>\n\n\n\n<p>During the months of the Covid-19 crisis, there has been an <strong>exponential increase of cyber attacks at banking institutions, including their customers.<\/strong> In this scenario, internal security teams had to act promptly to boost&nbsp; and protect their digital assets.<\/p>\n\n\n\n<p>Anyone may wonder why there is such a high risk exposure in the Banking sector. The answer is simple: financial assets are the most digitized ones, with an increasingly extensive \u200b\u200battacking surface. Furthermore,<strong> the speed of transactions and the increasing opening of services to third parties become an attractive source for many hackers, aiming at taking&nbsp; possession of a large amount of sensitive data.<\/strong><\/p>\n\n\n\n<p>Key players&nbsp; in the financial sector like <strong><em>IntesaSanPaolo, Cattolica Assicurazioni, Darktrace, Thales, Cisco and Keyless<\/em><\/strong> analyzed how the banking and financial systems are managing the crisis and their resilience.<\/p>\n\n\n\n<p>This topic was also addressed by <strong><em>John Salomon<\/em><\/strong>, <strong>EMEA <\/strong>Regional Director of <strong>FS-ISAC<\/strong>, who focused on the possibilities of increasing systemic collaboration against cyber threats.<\/p>\n\n\n\n<p>The last speech helped to introduce a new webinar session where the importance of proactivity and anticipation of interventions in the risk management were highlighted; as an example, <strong><em>Deutsche Bank, Abi Lab, CERTfin <\/em><\/strong>and <strong><em>Infoblox<\/em><\/strong> focused their attention on:&nbsp;<\/p>\n\n\n\n<ul><li>setting up an Incident Response Scenario according to the types of attack<\/li><li>the assessment of the data breaches risk and the communication methods to make the Incident Response plan effective.<\/li><\/ul>\n\n\n\n<p>In this scenario, the change of customers\u2019 habits and the technology used in Finance are evolving and are opening to the cloud, big data, mobility and social media. For this reason <strong>the security model based on traditional systems must be abandoned.<\/strong> Therefore, there is the need to rethink how cybersecurity works and how the innovative technologies will help the financial digital evolution. An important contribution related to the innovation of <strong>Cybersecurity and Fraud Management<\/strong> was provided by <strong><em>Stefano Bistarelli<\/em><\/strong>, Head of CINI Working Group on Blockchain, <strong>University of Perugia<\/strong>; <strong><em>Cinzia Pilo<\/em><\/strong>, Head Of Business Development &#8211; Italy, <strong>VISA<\/strong>, <strong><em>Beatrice Rubini<\/em><\/strong>, Executive Director, <strong>CRIF<\/strong> and <strong>Paolo Arcagni,<\/strong> Solution Engineering Manager Italy &amp; Iberia, <strong>F5 Networks<\/strong>.<\/p>\n\n\n\n<p>In this scenario<strong> ToothPic technology can increase the level of security for Banks that want to protect their customers\u2019 money and financial assets<\/strong>. <a href=\"https:\/\/welaikaadv.site\/toothpic\/technology\/\" target=\"_blank\" rel=\"noreferrer noopener\">ToothPic technology can be integrated into a mobile banking app to protect the digital assets using the fingerprint of the camera sensor<\/a>, the physical characteristic that uniquely identifies the smartphone. With ToothPic, <strong><a href=\"https:\/\/welaikaadv.site\/toothpic\/banking\/\" target=\"_blank\" rel=\"noreferrer noopener\">the Banks can easily increase the level of security of their home banking apps without impacting their usability.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cCybersecurity in Financial Services\u201d: The Innovation Group workshop explains how to manage cyber risk in financial services especially during the digital revolution caused by the COVID-19 crisis.&nbsp; The online event &#8220;Cybersecurity in Financial Services&#8221; organized by \u201cThe innovation Group\u201d on Wednesday November 25th&nbsp; was an interesting opportunity for an in-depth analysis&nbsp; on the security of &hellip;<\/p>\n","protected":false},"author":3,"featured_media":6525,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0},"categories":[1,33,5],"tags":[39,41,40],"_links":{"self":[{"href":"https:\/\/welaikaadv.site\/toothpic\/wp-json\/wp\/v2\/posts\/6524"}],"collection":[{"href":"https:\/\/welaikaadv.site\/toothpic\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/welaikaadv.site\/toothpic\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/welaikaadv.site\/toothpic\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/welaikaadv.site\/toothpic\/wp-json\/wp\/v2\/comments?post=6524"}],"version-history":[{"count":5,"href":"https:\/\/welaikaadv.site\/toothpic\/wp-json\/wp\/v2\/posts\/6524\/revisions"}],"predecessor-version":[{"id":6530,"href":"https:\/\/welaikaadv.site\/toothpic\/wp-json\/wp\/v2\/posts\/6524\/revisions\/6530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/welaikaadv.site\/toothpic\/wp-json\/wp\/v2\/media\/6525"}],"wp:attachment":[{"href":"https:\/\/welaikaadv.site\/toothpic\/wp-json\/wp\/v2\/media?parent=6524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/welaikaadv.site\/toothpic\/wp-json\/wp\/v2\/categories?post=6524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/welaikaadv.site\/toothpic\/wp-json\/wp\/v2\/tags?post=6524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}