Security Challenges and Opportunities in Retail Banking

While COVID-19 drives revolutionary demand for online banking services, cyber criminals will continue to look for any and every opportunity to take advantage. The financial sector remains a favorite target for attacks seeking financial gain, trade secrets, or service disruptions that bring publicity to social or political causes, as many recent, headline-grabbing breaches in the sector have demonstrated.

Depending on the severity of attack and the specific bank in question, a single successful breach can lead to serious damage to the brand.
As digitization becomes an even greater necessity across the banking industry and security risks increase, executive teams need to ensure the resiliency of their business operations, their compliance with government and industry regulations, and the effectiveness of their cybersecurity infrastructure to protect an expanding attack surface.