Cybersecurity Threats and Countermeasures in the Banking Industry

Date: October 15, 2024
Time: 4:00 PM CAT | 9:00 AM CDT | 7:30 PM IST
Topic: Cybersecurity Threats and Countermeasures in the Banking Industry

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Abstract: The banking industry has actively adopted digital innovations to facilitate seamless and secure financial transactions, offering enhanced customer experiences. However, in the current threat landscape, the banking and financial sectors face a high risk of cyberattacks, given that the prime driving factor of the majority of cyberattacks is monetary benefits. From sophisticated phishing and ransomware attacks to data breaches and insider threats, banking and financial sectors face relentless cyber risks. The current webinar aims to understand the existing and emerging threats in the banking industry, as well as countermeasures and security policies that could be utilized to mitigate these threats. The webinar aims to discuss the tactics, techniques, and procedures involved with malware and data breach attacks, along with global compliance and regulatory standards specific to the banking industry. Join us to explore the evolving cyber threats targeting financial institutions and discuss actionable insights and practical solutions to safeguard organizations against cyber threats.

Key takeaways:

• Understanding the threat landscape in the banking and financial sector
• Current trends and evolving threats
• Rise of ransomware in the banking sector
• Common vulnerabilities in data security architecture
• Identifying and addressing the potential risk of insider threat
• Navigating the landscape of cybersecurity regulations specific to the banking industry
• Innovative countermeasures: AI-driven threat detection, MFA, ZTNA, etc.

Speaker:
Tiya Nyirenda,Head of Information Technology at First Capital Bank, Africa

Bio: Experienced expert in Information Technology with a demonstrated working history in the financial services industry for over the past 20 years. Strong information technology professional with a Master of Science in Cyber Security from EC Council University and a Bachelor of Business Administration. He acquired several professional certifications, such as Cisco Certified Network Professional (CCNP) certification, Microsoft Certified Professional, and C|EH.

Skilled in IT risk management, IT project management, system databases, cybersecurity, data center enterprise solutions, IT infrastructure, network firewalls, routing, switching, various system operating systems, and API solutions.

Currently working as a Head of Information Technology at First Capital Bank, a regional bank in the southern part of Africa.

*Examples, analysis, views and opinion shared by the speakers are personal and not endorsed by EC-Council or their respective employer(s)