08 Oct Building a security-first culture: Lessons for financial institutions
This week in cybersecurity from the editors at Cybercrime Magazine
– Read the Full Fast Company Story
Sausalito, Calif. – Oct. 8, 2024
Financial institutions are on the frontlines against cyber threats and bad actors such as credit card fraudsters. Cybercriminals are constantly finding new ways to exploit digital systems. The stats speak for themselves. A Cybersecurity Ventures report found that by 2025, cybercrime is projected to rack up $10.5 trillion in damages, up from $3 trillion reported in 2015.
Imagine stepping inside your bank and feeling as secure as the vaults. This kind of safe atmosphere—where the physical and digital worlds merge easily to protect assets and people—does not happen overnight. It takes time and a dedicated security-first culture. But how do you get there?
A security-minded culture starts at the top because if senior leaders don’t value security, then they can’t expect employees to follow suit. Executives in the C-suite must lead by example; part of that means integrating security into every corner of a business.
Matt Tengwall, SVP & Global GM, Fraud and Security Solutions at Verint, outlines the rest of the steps you’ll need to take in order to build a security-first culture, including security awareness training for employees, in a Fast Company article.
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