Financial Executives Are Out Of Touch With Cyber Threats

Here at Cyber Security Intelligence  we have spoken to a number of senior financial executives, who want to remain anonymous, who say that most organisations have not engaged and bought into many of the advanced AI and Machine Learning technologies that would really assist their organisation going forward. 

Less that 40% of organisations have taken time and finance to engage with the new cyber realities.

There is a lot of talk about a financial crisis and a global recession coming in 2019. However, for these possible events there is more confidence from senior financial and banking executives than you would expect. Yet the effects of Brexit on the EU combined with a renewal of the US government shutdown have all brought more uncertainty to the financial marketplace. 

The current calm and confidence with financial executives is on the wrong foot and out of step from the current uses of cyber-attacks and social undermining that is promoting fraud. 

The current cyber security systems are still out of touch with the electronic reality. There have been a number of recent reports showing that banking and financial managers are behind in their understanding, credible use and investment in cyber security. 

If you would like more understanding and a brief review of your own organisation please contact Cyber Security Intelligence. HERE

 Image: Nick Youngson

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