CYBERSECURITY IN BFSI

With growing internet penetration and the need for financial inclusion, banks and financial services institutions (BFSI) have been embracing digital transformation in a big way.

- Sumed Marwaha, Regional Services VP & MD and Seshadri PS, Senior Director - Governance, Risk and Compliance, Office of the CISO,Unisys India

Going digital comes with its own benefits. It helps these organizations reduce their operational cost and improve their bottom lines. It also helps eliminate the possibility of human errors. Above all, it offers greater convenience for customers, helping these financial institutions attract and retain them. While going digital does offer all these benefits, it comes with risks too– the risk of cyberattacks and consequent data breaches. The truth is, as the world continues to moves towards digitization at an accelerated pace, the measures to keep that digital world secure have not caught up.