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The cyber arms race: How can CISOs win?
Journal of Digital Banking,
6
(1),
83-95
(2021)
Abstract
This paper discusses the trends in cybersecurity, especially in banking and financial services. Senior executives are concerned about the increasing attack vector with an exponential increase in the number of devices and its impact on their organisations’ security. A structured approach is needed to be only just security compliant but ahead of the curve. The paper presents a new approach and framework within which to govern cyber in three main areas: foundational, proactive and futuristic. It also lays out what it is to be a cyber leader, how to free up time to take the proactive measures that are necessary right now and to remain alert to futuristic threats.
Keywords: cybersecurity; regulatory compliance; Blockchain; CISO; AI/ML; cyberattacks; IoT; security; banking; cyber maturity
The full article is available to subscribers to the journal.
Author's Biography
Mark Weston is Co-founder of Regulativ.ai, a cybersecurity regulatory reporting platform. He has been chief information officer (CIO), chief data officer (CDO) and strategic consultant at a host of tier 1 global investment banks. He specialises in delivering data-driven AI solutions to optimise complex and costly processes. Mark has more than 20 years’ experience in financial services, including more than 8 years in regulatory and cybercompliance delivery.
Rajan Kashyap is Head of Digital Solutions at Birlasoft and Industry Associate at UCL-CBT. He has more than 20 years of experience in software engineering and product development. Besides authoring the book A CxO Handbook to Blockchain, Rajan has written a number of other publications. He is an expert in the application of latest technologies like Blockchain, artificial intelligence and cloud in various industries, including banking and financial services.
