Unraveling five essential cybersecurity priorities for banks
Cyber threats are a persistent top risk in banking. CISOs can be more effective at addressing them.
In the increasingly digital world of banking, cybersecurity has shifted far beyond the technological or risk management realm. It is a fundamental strategic capability, necessary for building brand trust, harnessing the potential of emerging technologies, innovating new digital features and offerings, and complying with the growing privacy and security demands of customers and regulators. The 2024 U.S. Banking Industry Outlook Survey found that cybersecurity risk poses the greatest threat to growth, ahead of all other risks.
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Unraveling five essential cybersecurity priorities for banks
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Cybersecurity is well known as a strategic imperative in the banking industry, but awareness hasn’t translated to sufficient risk reduction. Relentless cyber threats remain a foremost threat to bank growth, requiring CISOs to really home in on the most difference-making security capabilities.
Matthew Miller
US Financial Services, Cyber Security Leader, KPMG LLP
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