Compliance has been the traditional focus of IT departments in financial institutions, but as cyber threats continue to evolve, the financial industry needs to look to each other to help protect the wider ecosystem. Finextra spoke with Beate Zwijnenberg, chief information security officer at ING, about some of the challenges the bank is facing across fraud and cyber security.
Zwijnenberg opened up about the IT security challenges they are being hit with at ING: “I would say we’re most concerned about the catastrophic impact a ransomware attack could have on the business in general and the systemic risks related to that because it not only harms our customers and ING, but of course, ING is part of a larger financial ecosystem. So from that perspective, I think everybody is preparing for that.”
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Source: Finextra