Next major issue lenders need to tackle: Cybersecurity

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Raising awareness. A comprehensive and sustained national cybersecurity education campaign is essential for raising public awareness of the risk and impact of cyber activity and the need to deploy basic protective measures on desktops, laptops, tablets, phones and other mobile devices. The explosion of connected devices — from smart refrigerators,

Next to these issues, banks will also need to be much more transparent and detailed in their risk reporting under the new standardized framework. additional financial statement information will be required regarding counterparties and there will be a significantly higher punitive risk-weight in case of missing information on those counterparties.

This is, of course, a complicated issue, but there is little doubt that digital tech companies could do more to attract and retain women, as well as to challenge stereotypes and cultural biases. Beyond this, however, lies a broader need to encourage women to embrace technology from a young age and to consider STEM careers. No quick fixes

Top 5 cybersecurity concerns for 2018 These predictions are just a handful of the many threats we’ll see. Our solutions need to evolve with the threats and provide multiple layers of protection

A further step banks will need to take to address gaps in cybersecurity is that of improving responsiveness to cyber-attacks. In addition the responsiveness of dealing with the period of time after a cyber-attack needs to be enhanced-as banks can lose a lot of money and customers during down time incurred following a cyber-attack.

From internal threats to creative ransomware to the industrial Internet of Things, security experts illuminate business cybersecurity threats likely to materialize in the next year.

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Good afternoon Chairman Capito, Ranking Member Maloney, and members of the subcommittee. I’m pleased to appear before you today to discuss the cyber threats facing our nation and how the FBI and our partners are working together to protect the financial sector and American consumers.

UKRI’s Chief Executive, Professor Sir Mark Walport said: "Highly talented people are required to tackle key global challenges such as sustainable energy and cyber security. tackling major.