Chief Information Security Officer underlines the security challenge facing all financial organisations on cyber panel
On 16 November, Marc Hofmann – Chief Information Security Officer (CISO) at SWIFT – joined the panel discussion ‘Creating affordable, cyber-secure IT infrastructures: Regulation, innovation, and leadership’ at the FT Banking Summit 2016 in London.
Following an interview with a senior official from the UK National Cyber Security Centre (NCSC), Hofmann gave his perspective on the cyber-security challenge facing the financial service industry. "Cyber security is a challenge for all financial institutions, large and small, but depending in their footprint, they pursue different strategies to mitigate their risk," said Hofmann.
Cyber security is a challenge for all financial institutions, large and small, but depending in their footprint, they pursue different strategies to mitigate their risk.
Speaking alongside senior security experts from PwC UK, the European Union Agency for Network and Information Security (ENISA) and Kaspersky Lab, Hofmann underlined the importance of a risk-based approach to addressing cyber challenges within financial institutions. He went on to say that it was critical for different institutions to work together, cooperate and share information.
SWIFT is committed to supporting its community to meet these challenges and has launched its Customer Security Programme (CSP) to further assist financial institutions in this. To find out more about the CSP visit our dedicated pages here.