02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx

02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx

1. Fabio Colombo Global FS Security Lead - Accenture Charting the future: how to help Fintech navigating amidst global shifts and regulatory dynamics

2. How to navigate amidst global shifts and regulatory dynamics FS institutions grapple with cyber threats, talent shortages, and regulatory shifts. They must adapt strategically, fortify cybersecurity, and streamline compliance to thrive amidst rapid technological changes and geopolitical uncertainties. Impact of geopolitics New Technology Adoption Evolving regulatory landscape Skill gap Cost pressure

3. How to navigate amidst global shifts and regulatory dynamics FS institutions grapple with cyber threats, talent shortages, and regulatory shifts. They must adapt strategically, fortify cybersecurity, and streamline compliance to thrive amidst rapid technological changes and geopolitical uncertainties. Copyright © 2024 Accenture. All rights reserved. Impact of geopolitics Increase in conflicts leading to state-sponsored and collateral cyber attacks necessitating enhanced cybersecurity measures Trend towards protectionism resulting in localization and perimetral security focus Natural disasters causing supply chain disruptions and emphasizing supply chain resilience Surge in cyber insurance premiums highlighting the importance of robust cybersecurity New Technology Adoption Evolving regulatory landscape Skill gap Cost pressure

4. How to navigate amidst global shifts and regulatory dynamics FS institutions grapple with cyber threats, talent shortages, and regulatory shifts. They must adapt strategically, fortify cybersecurity, and streamline compliance to thrive amidst rapid technological changes and geopolitical uncertainties. Copyright © 2024 Accenture. All rights reserved. Impact of geopolitics Increase in conflicts leading to state-sponsored and collateral cyber attacks necessitating enhanced cybersecurity measures Trend towards protectionism resulting in localization and perimetral security focus Natural disasters causing supply chain disruptions and emphasizing supply chain resilience Surge in cyber insurance premiums highlighting the importance of robust cybersecurity New Technology Adoption Adoption of Artificial Intelligence, Quantum Computing , and cloud computing revolutionizing the industry Emergence of sophisticated cyber attacks like deepfakes, phishing , and malware Threat of quantum computing prompting preparations for quantum-resistant cryptography Managing security risks associated with AI algorithms and IT/OT convergence Evolving regulatory landscape Skill gap Cost pressure

5. How to navigate amidst global shifts and regulatory dynamics FS institutions grapple with cyber threats, talent shortages, and regulatory shifts. They must adapt strategically, fortify cybersecurity, and streamline compliance to thrive amidst rapid technological changes and geopolitical uncertainties. Copyright © 2024 Accenture. All rights reserved. Impact of geopolitics Increase in conflicts leading to state-sponsored and collateral cyber attacks necessitating enhanced cybersecurity measures Trend towards protectionism resulting in localization and perimetral security focus Natural disasters causing supply chain disruptions and emphasizing supply chain resilience Surge in cyber insurance premiums highlighting the importance of robust cybersecurity New Technology Adoption Adoption of Artificial Intelligence, Quantum Computing , and cloud computing revolutionizing the industry Emergence of sophisticated cyber attacks like deepfakes, phishing , and malware Threat of quantum computing prompting preparations for quantum-resistant cryptography Managing security risks associated with AI algorithms and IT/OT convergence Evolving regulatory landscape Evolving regulations such as DORA , Data Act , AI Act , and Post Quantum Cryptographic Influence of the " Brussels effect " on cloud services Regulatory pressures leading to compliance challenges for mid-tier institutions Importance of robust cyber and operational resilience practices with a rising trend on TPRM and cloud compliance measures Skill gap Cost pressure

6. How to navigate amidst global shifts and regulatory dynamics FS institutions grapple with cyber threats, talent shortages, and regulatory shifts. They must adapt strategically, fortify cybersecurity, and streamline compliance to thrive amidst rapid technological changes and geopolitical uncertainties. Copyright © 2024 Accenture. All rights reserved. Impact of geopolitics Increase in conflicts leading to state-sponsored and collateral cyber attacks necessitating enhanced cybersecurity measures Trend towards protectionism resulting in localization and perimetral security focus Natural disasters causing supply chain disruptions and emphasizing supply chain resilience Surge in cyber insurance premiums highlighting the importance of robust cybersecurity New Technology Adoption Adoption of Artificial Intelligence, Quantum Computing , and cloud computing revolutionizing the industry Emergence of sophisticated cyber attacks like deepfakes, phishing , and malware Threat of quantum computing prompting preparations for quantum-resistant cryptography Managing security risks associated with AI algorithms and IT/OT convergence Evolving regulatory landscape Evolving regulations such as DORA , Data Act , AI Act , and Post Quantum Cryptographic Influence of the " Brussels effect " on cloud services Regulatory pressures leading to compliance challenges for mid-tier institutions Importance of robust cyber and operational resilience practices with a rising trend on TPRM and cloud compliance measures Skill gap High demand for skilled professionals at all levels Talent retention challenges for mid and low-tier institutions Burnout among SOC staff highlighting the need for talent retention strategies Increase of cybersecurity awareness at the C-suite and board levels Cost pressure

7. How to navigate amidst global shifts and regulatory dynamics FS institutions grapple with cyber threats, talent shortages, and regulatory shifts. They must adapt strategically, fortify cybersecurity, and streamline compliance to thrive amidst rapid technological changes and geopolitical uncertainties. Copyright © 2024 Accenture. All rights reserved. Impact of geopolitics Increase in conflicts leading to state-sponsored and collateral cyber attacks necessitating enhanced cybersecurity measures Trend towards protectionism resulting in localization and perimetral security focus Natural disasters causing supply chain disruptions and emphasizing supply chain resilience Surge in cyber insurance premiums highlighting the importance of robust cybersecurity New Technology Adoption Adoption of Artificial Intelligence, Quantum Computing , and cloud computing revolutionizing the industry Emergence of sophisticated cyber attacks like deepfakes, phishing , and malware Threat of quantum computing prompting preparations for quantum-resistant cryptography Managing security risks associated with AI algorithms and IT/OT convergence Evolving regulatory landscape Evolving regulations such as DORA , Data Act , AI Act , and Post Quantum Cryptographic Influence of the " Brussels effect " on cloud services Regulatory pressures leading to compliance challenges for mid-tier institutions Importance of robust cyber and operational resilience practices with a rising trend on TPRM and cloud compliance measures Skill gap High demand for skilled professionals at all levels Talent retention challenges for mid and low-tier institutions Burnout among SOC staff highlighting the need for talent retention strategies Increase of cybersecurity awareness at the C-suite and board levels Cost pressure Continued rise in investments amidst consolidation and cost efficiency demands Fragmentation in the vendor market driving the need for consolidation strategies Shift towards embedding security within the business and prioritizing customer trust Emphasis on defining a sourcing strategy

8. How to navigate amidst global shifts and regulatory dynamics FS institutions grapple with cyber threats, talent shortages, and regulatory shifts. They must adapt strategically, fortify cybersecurity, and streamline compliance to thrive amidst rapid technological changes and geopolitical uncertainties. Copyright © 2024 Accenture. All rights reserved. Impact of geopolitics Increase in conflicts leading to state-sponsored and collateral cyber attacks necessitating enhanced cybersecurity measures Trend towards protectionism resulting in localization and perimetral security focus Natural disasters causing supply chain disruptions and emphasizing supply chain resilience Surge in cyber insurance premiums highlighting the importance of robust cybersecurity New Technology Adoption Adoption of Artificial Intelligence, Quantum Computing , and cloud computing revolutionizing the industry Emergence of sophisticated cyber attacks like deepfakes, phishing , and malware Threat of quantum computing prompting preparations for quantum-resistant cryptography Managing security risks associated with AI algorithms and IT/OT convergence Evolving regulatory landscape Evolving regulations such as DORA , Data Act , AI Act , and Post Quantum Cryptographic Influence of the " Brussels effect " on cloud services Regulatory pressures leading to compliance challenges for mid-tier institutions Importance of robust cyber and operational resilience practices with a rising trend on TPRM and cloud compliance measures Skill gap High demand for skilled professionals at all levels Talent retention challenges for mid and low-tier institutions Burnout among SOC staff highlighting the need for talent retention strategies Increase of cybersecurity awareness at the C-suite and board levels Cost pressure Continued rise in investments amidst consolidation and cost efficiency demands Fragmentation in the vendor market driving the need for consolidation strategies Shift towards embedding security within the business and prioritizing customer trust Emphasis on defining a sourcing strategy