Remove Banking Remove Loss Remove Security
article thumbnail

Accelerating AI at scale without sacrificing security

CIO

For others, it may simply be a matter of integrating AI into internal operations to improve decision-making and bolster security with stronger fraud detection. This type of data mismanagement not only results in financial loss but can damage a brand’s reputation. Above all, robust governance is essential.

Security 498
article thumbnail

Copilot: an indispensable tool for banking security teams

CIO

The threat to banks from cyber crime is becoming increasingly complex, as state actors and criminal gangs become more adept at targeting vulnerabilities. A report by the Bank for International Settlements singled out the growth of cloud-based services and remote working as two of the primary drivers behind the heightened risk.

Banking 413
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 types of tech debt that could cripple your business

CIO

These areas are considerable issues, but what about data, security, culture, and addressing areas where past shortcuts are fast becoming todays liabilities? This will free them to bring their skills and creativity to higher-value activities such as enhancing data security and delivering innovative solutions for customers.

Business 461
article thumbnail

INE Security Alert: The Steep Cost of Neglecting Cybersecurity Training

CIO

INE Security , a global leader in cybersecurity training and certifications, is exploring how overlooking this critical aspect of organizational strategy can lead to a financial crisis and laying out five key reasons why cybersecurity training is important. million more in beach costs. “As

Security 459
article thumbnail

Customer centricity: How Mashreq Bank is placing its customers at the forefront of its operations.

CIO

Mohamed Salah Abdel Hamid Abdel Razek, Senior Executive Vice President and Group Head of Tech, Transformation & Information, Mashreq explains how the bank is integrating advanced technologies and expanding its digital footprint. This approach has significantly enhanced the customer banking experience.

Banking 448
article thumbnail

4 of the Biggest Data Breaches in Banking

Smart Data Collective

Sadly, they often affect banks. Banking is an important sector of the world. This article discusses four of the most significant data breaches in banking…. We put a considerable amount of trust in our banks. We expect banks to fulfil their duty and provide protection. Tesco Bank. Tesco Bank was fined £16.4

Banking 328
article thumbnail

The evolving role of security and IT in DR and incident response

CIO

However, as ecommerce has proliferated, security threats have increased, elevating cybersecurity to a board-level concern. This has resulted in some overlaps between security standards and frameworks and IT, which, if not managed effectively, can ruin the company’s ability to respond.

Security 416