COVER STORY
nd-user
Da
As one of the largest financial
institutions in the world, Standard
Chartered Bank is under no
illusion that it could function
without complete protection of
its IT infrastructure. Yuval Illuz,
Group CISO, COO, Trust, Data and
Automation, Operations, Standard
Chartered Bank, discusses what
it means to operate with a secure
approach, how Europe is best
placed to deal with cyberthreats
and about some of the security
implications of being such a long-
established enterprise.
www.intelligentciso.com
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Issue 23
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ion, O
perations, Stan
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BANKING ON EUROPE
AS THE EPITOME
OF CYBERSECURITY
AND PRIVACY
Y
Yuval, you are the CISO (and
COO) of Standard Chartered
Bank – what does this mean
in terms of the cybersecurity
challenges you face? culture in the bank by enhancing
information and cybersecurity awareness
to build a culture of secure conduct
among our employees: our own human
firewall, if you will.
Protecting our customers’ data and
privacy is a top priority at Standard
Chartered and essential to maintaining
their trust in us as we continue to
live our brand promise to be ‘Here
for good’. With the behavioural shift
underway towards digital banking and
channels, coupled with the dynamic
cyberthreat landscape, it is imperative
to have robust security controls in
place. We are committed to industry
best practices and compliance with
applicable regulations in all the regions
that we operate in. While we continue to
deepen our cybersecurity capabilities to
counter threats, we also place an equal
emphasis on strengthening our security What cyber trends are looking
to be the most prevalent for
the year ahead?
The growing number of organisations
moving their workloads and operations
to the cloud presents a heightened
risk for inadvertent data exposure. This
oversight can have severe ramifications
for data security. The number of
financial institutions affected in cloud
data breaches has grown dramatically
in the last two years. Enterprises will
have to continuously improve their
cloud approach and strategy to avoid
significant regulatory fines that continue
to make headlines.
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