Financial firms must be prepared for cyber infiltration – panel

Cyber security intrusions are inevitable but firms can take steps so they can react quickly and efficiently, preventing damage, speakers at the Waters USA conference said this month

waters2014cybersecurity
Waters USA 2014 cyber security panel: (l to r) Ryan Bateman, Adam Fletcher, Anthony Concolino

As the number of reported cyber security breaches continues to rise, a chilling realisation has swept over the financial services industry: a disruption is no longer a matter of if. It's a matter of when.

Every week, the media is seemingly reporting on another firm that has suffered a lapse in security. Firms are starting to come to the understanding that cyber security isn't a matter of simply keeping threats out, but recognising how to identify and react when a breach does occur.

"Philosophica

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