BPI Executive Vice President and President of BITS, Chris Feeney, participated in a panel discussion hosted by Palo Alto Networks on May 14 alongside representatives from MIT Sloan, the FBI and BCG Platinion. The panelists discussed cyber risks associated with a remote work environment and highlighted several common risks businesses may experience, including business email compromise, “zoom-bombing,” and ransomware attacks. Chris also described the benefits of industry collaboration through trade associations like BPI and information sharing initiatives, which have contributed to the fact that the financial services industry has not seen a surge in cyberattacks since the transition to remote work.
The panelists agreed that in addition to cyber hygiene and tightened policies, a strong culture of cybersecurity and employee awareness was key to protecting the industry from threats. Panelist Michael Coden, Managing Director of Boston Consulting Group’s Cybersecurity Practice, also highlighted the financial services sector’s Cybersecurity Profile, along with the Bank Policy Institute, Boston Consulting Group and the Cloud Security Alliance’s work to build a model cloud security framework.
To access a recording of the panel, please click here.
