Allan Lloyds’ Post

The workshop on Addressing Human Risk to Build Cyber Resilience in collaboration with Egyptian Banking Institute was a resounding success. Click here: https://shorturl.at/LjS1E to learn further details about the in-depth discussion and strategies discussed in the workshop.

I am excited to announce that I am co-hosting a workgroup at the European Financial Services Roundtable (EBR), dedicated to enhancing Cyber Key Risk Indicators (KRIs) and Cyber reporting within the financial services industry in Europe. This initiative brings together a dynamic group of professionals from European banks and insurance companies, who are committed to strengthening cybersecurity and risk management frameworks. As we tackle the complexities of cyber risks and their implications for financial stability, our goal is to develop robust indicators that will guide institutions in identifying, measuring, and mitigating potential threats. The insights and strategies we develop will aim not only to safeguard assets but also to fortify trust across the financial ecosystem. Stay tuned for updates as we progress in our efforts to shape a more secure financial landscape. #CyberSecurity #FinancialServices #RiskManagement #InnovationInFinance #Nordea #EBR

Our partner, Dani Prawira, ST, MT, had the privilege today to share his extensive experience in Digital Forensics and Cyber Risk Management at the prestigious Bankers Association for Risk Management (BARA) event. The session was attended by a distinguished audience, with the majority being banking commissioners, and drew participation from approximately 50 to 60 individuals. In his presentation, Dani provided insightful discussions on the importance of Digital Forensics in addressing and mitigating cybersecurity risks within the banking industry, drawing from real-world examples and practical approaches that have proven effective in protecting financial institutions from cyber threats. We hope that this sharing session will be valuable for the attendees, offering useful strategies and knowledge to help their organizations better manage cyber risks in the ever-evolving landscape of the banking sector. By leveraging Digital Forensics, companies can take proactive measures to detect, respond to, and prevent cybersecurity breaches more effectively, safeguarding both their assets and their reputation. We look forward to further collaborations and hope that this contribution will enhance the resilience of banking institutions against future cyber threats. #digitalforensic #cyberrisk

The Digital Operational Resilience Act (DORA) is transforming the landscape for ICT providers, recognising them as essential partners in ensuring the stability and security of the financial sector. 🌐🔒 DORA mandates stringent standards for information security, business continuity, and risk management. "Embracing DORA is not just about meeting regulatory demands; it's about setting a benchmark for excellence in the ICT services industry", says Demetris Antoniou, Senior Manager in Cyber and Strategic Risk. Read his latest article in Gold Magazine for more insights: https://deloi.tt/3zV6R8H #CyberSecurity #DeloitteCyprus

Protecting banking systems from evolving security threats requires a holistic approach that integrates technology, contingency planning, and risk management. Guard N Watch offers cutting-edge security solutions to safeguard against physical and cyber risks. Partner with us for a secure and resilient banking environment. #BankingSecurity #RiskManagement #Cybersecurity #GuardNWatch

Deficiencies in cyber resilience and IT outsourcing continue to be key vulnerabilities, which ECB Banking Supervision will address as a priority in 2024-26. Continuous improvements to cybersecurity controls, effective management of IT outsourcing and change risks, robust incident management and business continuity plans, and strong IT governance are all essential to safeguarding the integrity and stability of the banking sector in 2024 and beyond. The following slides provide an overview of the key observations from the annual horizontal analysis of IT and cybersecurity risks, which is based on data from the IT Risk Questionnaire and findings from on-site inspections in 2023. #digitalrisk #cyberrisk #cyberinsurance #techinsurance #cromar #itsecurity #ransomware

The EU's Digital Operational Resilience Act (DORA), marks a significant transformation in financial risk management, focusing on information and communication technology (ICT). It mandates a risk-based approach to ICT governance, requiring financial entities to conduct thorough risk assessments, establish mitigation strategies, and ensure resilience against cyber threats and operational disruptions. DORA also emphasises the importance of third-party due diligence, employee training, and a proactive incident response. It aims to harmonise cyber security standards across jurisdictions, enhancing the financial sector's collective resilience. Compliance with DORA is crucial for financial institutions to maintain stability and public trust in the financial system. #DORA #FinancialResilience #ICTRiskManagement #CyberSecurity #OperationalResilience

The EU's Digital Operational Resilience Act (DORA), marks a significant transformation in financial risk management, focusing on information and communication technology (ICT). It mandates a risk-based approach to ICT governance, requiring financial entities to conduct thorough risk assessments, establish mitigation strategies, and ensure resilience against cyber threats and operational disruptions. DORA also emphasises the importance of third-party due diligence, employee training, and a proactive incident response. It aims to harmonise cyber security standards across jurisdictions, enhancing the financial sector's collective resilience. Compliance with DORA is crucial for financial institutions to maintain stability and public trust in the financial system. #DORA #FinancialResilience #ICTRiskManagement #CyberSecurity #OperationalResilience

Ensuring Digital Operational Resilience with DORA The European Union’s Digital Operational Resilience Act (DORA) is a game-changer for financial entities, setting stringent guidelines to combat cyber threats and ensure operational continuity. With DORA coming into effect on January 17, 2025, it’s crucial for banks, insurance companies, and investment firms to bolster their defenses now. 👉 What is DORA? DORA, or Regulation (EU) 2022/2554, mandates robust cybersecurity measures across financial entities in the EU. This regulation addresses ICT risk management, incident reporting, and third-party risk management, ensuring institutions can withstand and rapidly recover from disruptions. 🎥 Watch this video to learn more about DORA and how Kiteworks can support your compliance journey, or visit: https://hubs.ly/Q02D20Lj0 #cybersecurity #DORA #compliance #EU #FinServ

Secure Your Future with DORA Compliance Services!! #DORACompliance #Cybersecurity #OperationalResilience #ICTRisk #RegulatoryCompliance #DigitalResilience #RiskManagement #FinancialServices #EURegulations #ComplianceServices #CyberDefense #DigitalSecurity #FinancialInstitutions #iarminfo