Financial Services, Cybersecurity and the Evolving Threat Landscape

"My career has spanned cybersecurity, risk management and technology leadership, primarily working within financial services companies and other regulated organizations both within the United States and internationally. In my role as SVP and Chief Information Security Officer at First Horizon, I am focused on developing and overseeing the bank's information, cyber and technology security."

"Over the course of my 25+ year career, I've seen cybersecurity evolve from a more technical function to a core business priority. CEOs, boards and shareholders understand that security can't be an afterthought. The most cyber-resilient organizations today aren't operating in silos. They're strengthening resilience as part of their daily business operations, and that's exactly what my team and I are focused on at First Horizon."

"The threat landscape is accelerating faster than ever before, fueled by AI-powered threats and growing regulatory pressures. While AI is creating powerful opportunities to strengthen cyber defenses, threat actors are also leveraging AI to enhance and scale their attacks."

"The financial services industry is seeing more frequent and sophisticated phishing and business email compromise attempts. Identity theft, ransomware, Distributed Denial-of-Service (DDoS) attacks and third-party risk are also top of mind. The good news is that, as a long-standing leader in cyber collaboration, governance and risk management, the financial sector is well positioned to stay ahead of this evolving threat landscape."

Cybersecurity has shifted from a technical function to a core business priority for financial institutions. Security resilience is strengthened when organizations avoid operating in silos and embed resilience into daily business operations. The threat landscape is accelerating due to AI-powered threats and increasing regulatory pressures. AI can improve cyber defenses, while threat actors use AI to enhance and scale attacks. Financial services face more frequent and sophisticated phishing and business email compromise attempts, along with identity theft, ransomware, DDoS attacks, and third-party risk. The financial sector’s experience with cyber collaboration, governance, and risk management supports staying ahead of evolving threats.

Read at Securitymagazine