Accelerating the financial services transformation agenda during changing times
Accelerating the financial services transformation agenda during changing times.
Accelerating the financial services transformation agenda during changing times
Accelerating the financial services transformation agenda during changing times
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Panel Discussion Session I: Accelerating Your Business Transformation Strategy at 18th IT Forum 2020
Panel Discussion Session I: Accelerating Your Business Transformation Strategy at 18th IT Forum 2020
Technology video | 159 views
Panel Discussion II (Accelerating Your Business Transformation Strategy)
Technology video | 150 views
The current dynamic situation has helped Accelerating the Digital Transformation Journey
The current dynamic situation has helped Accelerating the Digital Transformation Journey
Technology video | 189 views
#STMicroelectronics #Wisebatt #Salesforce
There are attacks targeting telecommunications and retail more than doubled in the past year. A report highlights an explosion in adversary activity, both in volume and velocity. CrowdStrike’s threat hunters tracked a 60% increase in attempted intrusions spanning all industry verticals and geographic regions. The report also showcases a significant drop in average breakout time – the time it takes for an intruder to begin moving laterally outside of the initial beachhead to other systems in the network – of just one hour 32 minutes, a threefold decrease from 2020. These sobering statistics show how threat actors are constantly adapting tactics, techniques, and procedures to accelerate their march toward their objectives.
The report further highlights:
Adversaries have moved beyond malware. They are using increasingly sophisticated and stealthy techniques tailor-made to evade detections.
China, North Korea and Iran were the most active state-sponsored groups. The report reveals the majority of targeted intrusion activity from adversary groups were based out of China, North Korea, and Iran.
A massive surge in interactive intrusion activity targeting the telecommunications industry. This activity spans all major geographic regions and has been tied to a diverse range of adversaries.
WIZARD SPIDER was the most prolific cybercriminal. In fact, this group was seen in nearly double the number of attempted intrusions than any other eCrime group. WIZARD SPIDER is behind targeted operations using Ryuk and, more recently, Conti ransomware.
A 100% increase in instances of cryptojacking in interactive intrusions year-over- year, correlating with increases in cryptocurrency prices.
Access Brokers had a banner year. eCrime actors who specialize in breaching networks to sell that access to others played a growing
Technology video | 167 views
One of the #keytechnologies that assisted the financial services industry to address clients’ shifting expectations during the pandemic has been cloud services, neatly summed up by #Microsoft as “the delivery of computing services – including servers, storage, databases, networking, software, analytics, and intelligence – over the Internet (‘the cloud’) to offer faster innovation, flexible resources, and economies of scale.
While IT spending, in general, is expected to remain static, cloud spending is likely to increase. Firms are broadly expecting cloud costs to rise in the 1-10 percent range. The cloud is fast becoming more intelligent, hyperconnected, and pervasive.
For the immediate future, financial services firms are focusing their cloud goals more on business growth and revenue generation than reducing expenses. Leaders said they expect to make their most significant cloud investments over the next two years in product development/ R&D (62%), cybersecurity (48%), business development and sales (42%), and procurement/supply chain (44%).
In a crucial shift, the cloud is moving from an efficiency play to a growth driver. The survey results give financial services leaders real numbers around the benefits they can expect from a well-executed move to digital.
Almost all clients report revenue benefits over three years due to using the cloud to create new products, services, and business models. These gains average at around 4%, although about a third of firms anticipate revenue increases of up to approximately 15%.
Lack of a cloud strategy is the biggest challenge facing companies across the board, financial executives say. The next few years will be critical for determining leadership in many industries, including financial services. COVID will eventually fade, but the remainder of this decade will only see disruption escalate. That is because the pandemic unleashed new consumer expectations. They want 2
Technology video | 156 views
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