Cybersecurity for FSI Asia 2021 ,Driving Cyber Resilience In Today’s Digital Economy
The COVID-19 pandemic impacted all industries globally, and the Financial Services sector is no different. Most Financial Institutions (FI) started to accelerate their digital transformation strategies and reengineer their banking operations and processes to enable business operations.
The shift away from physical branches towards more mobile services and digital communication have become a necessity during these challenging times; and such sudden and rapid shifts have triggered widened exposure to technology-related risks.
There presents a critical need for FIs to review and strengthen their security controls; ensure persistent control enforcement across newly expanded footprints; and manage the risks to the broader third-party ecosystem to strengthen cyber resilience within the industry.
Cyber Security for Financial Services 2021 is bringing together FI leaders to address important strategies to build and drive cyber resilience within FIs in today’s digital society
When : April 22- 23
Register Here : Cyber Security for Financial Services Asia (cshub.com)
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https://www.erdalozkaya.com/category/free-events/
About The Event Organizer
The Cyber Security Hub is an online news source for global cyber security professionals and business leaders who leverage technology and services to secure the entire perimeter in their enterprise.
We’re dedicated to providing the latest industry news, thought leadership, and analysis in the cyber security space. Cyber Security Hub’s expert commentary, tools, and resources are developed through obtaining data and interviewing end-users and analysts throughout the industry to deliver practical and strategic advice.
Our editorial team surveys and monitors the latest trends in cyber security and creates news articles, market reports, case studies, and in-depth analysis for a captive audience consisting of c-level, VPs, and directors of cyber security and information technology.
Registering with CSHub is free and offers the following benefits:
- Weekly newsletters with a round-up of the latest content and professional development resources available online
- Access to expertly produced webinars, white papers, infographics, industry reports, case studies, and more
- Up-to-date reports and current content from leading analysts in the cyber security space
- Networking opportunities with an extensive community of cyber security decision-makers
Cybersecurity for FSI Asia 2021 -Free Pass
Driving Cyber Resilience In Today’s Digital Economy
Driving cyber resilience in today’s digital economy is crucial for maintaining business continuity and safeguarding digital assets. Here are some key strategies and insights:
Proactive Cybersecurity Measures: Cyber resilience involves more than just defending against attacks; it’s about being prepared for inevitable breaches. Organizations need to adopt a proactive approach to identify and mitigate potential vulnerabilities
End-to-End Tech-Driven Strategies: Resilient organizations leverage comprehensive, technology-driven strategies to respond rapidly to disruptive events while maintaining competitiveness.
Leadership and Culture: Effective cyber resilience requires strong leadership and a culture that prioritizes cybersecurity at every level. This includes fostering awareness and habits that drive down risks.
Adaptability and Agility: Digital resilience allows organizations to pivot quickly, adapt to changing conditions, and maintain seamless business operations. This agility is essential for capitalizing on market opportunities and ensuring economic growth.
Collaboration and Knowledge Sharing: Sharing expertise and collaborating across sectors can help prevent and mitigate cyber risks. This collective approach strengthens the overall resilience of digital ecosystems.
By focusing on these strategies, organizations can build a robust cyber resilience framework that not only protects against threats but also supports long-term growth and innovation.
Cybersecurity for FSI Asia
While greater attention to—and engagement on—these issues is important, the development of new regulatory regimes across APAC has created challenges for multinational FIs and regulators, and could hinder the growth of the financial services and fintech industries within the region.
We reviewed the cybersecurity requirements impacting the financial industry in five key jurisdictions, including the largest regional financial centers and consumer markets in APAC: Singapore, Hong Kong, Japan, China, and India.
Through a combination of open-source research and on-the-ground interviews—with regulators; local, regional, and global FIs; policymakers; technology experts; and academics—we sought to understand the range of requirements and approaches from different regulators across the APAC region, and the ways in which they impact cyber risks to the regional financial system.
Harmonizing regulators’ approaches to cybersecurity regulation in the region could help reduce systemic risks, improve regulatory efficiency, and make it easier for FIs across APAC to grow.
This will not be easy and will require sustained engagement on multiple levels. Cyber threats are a transnational issue and will require a transnational response, particularly in highly integrated regions like APAC. Strengthening the security and resiliency of financial networks across the region will require looking at FIs from an enterprise perspective and understanding the cyber risks they face from the perspective of defenders, not the narrow lens of national borders.
This will require principles-based approaches that allow for the wide range of business models and capacities of FIs and regulators across the region, and consolidated auditing, examination, and testing procedures to ensure that regulators have an accurate picture of the risks and controls at institutions under their care. Ultimately, regulators’ goals must be to ensure that strong security and resilience, not redundant compliance, is the focus for FIs.
This report is made possible by the generous support of Standard Chartered and by general support to the CSIS Technology Policy Program.