Financial services are facing an unprecedented set of pressures from increasing cyber threats, disruption, competitive pressure from new entrants, consumer and shareholder activism and regulatory oversight.
COVID-19 has brought a whole new raft of threats. With immense pressure on health systems it has also challenged cyber security as more people work from home.
With new technology comes a new standard. With increased use of online services such as banking, welfare and insurance people will expect an enhanced experience every time.
The answer to pressured budgets and increasing cyber risk can be found in a novel application of an established approach to IT budget management; cyber cost optimisation.
One in three adults have been affected by cybercrime, and estimates are the cost of cybercrime could be as much as $29 billion per year in Australia alone.
The next period of remote working conditions will be a challenge, so it is important you are not caught up in the commotion of the situation and compromise the safety and security of your IT systems.
At a time where digital transformation is making individuals, businesses and governments increasingly vulnerable to cyber-crime, Australia has a severe cyber security skills shortage.
