Financial services firms are taking the threat of cyber-attacks more seriously and that can be a positive, enabling factor, says Konstantin Vilk, who is with Brownson, Rehmus & Foxworth Inc., a family wealth advisory firm based in Menlo Park, Calif.
Vilk spoke with FTF News during a break in the action at FTF’s SecOps event in Boston, this past June.
Cybersecurity strategies are getting more respect because the cyber-attacks are hitting bigger targets. “The value of the target tends to be much greater these days,” Vilk says. The consistent attacks and new media coverage of them are keeping cybersecurity on the minds of people, he says.
Cybersecurity is definitely on the minds of operations staff.
“So, the way that I see it is that a cybersecurity strategy should be a part of the typical workflows,” Vilk says. “So, it shouldn’t be a disruptive factor; it should be an enabling factor instead.”
Vilk took part in the “The New Rules of Cybersecurity” panel, which focused on the threat of cyber-attacks upon securities firms, including banks, asset managers, hedge funds, custodians and even major organizations such as the financial messaging and services cooperative SWIFT. The session also focused on how financial services firms need to develop standards and best practices for cyber-risk disaster recovery and business continuity after a devastating attack
CREDITS:
Video Production: Janene Knox and William J. Poznanski, Jr.
Interview conducted by: Eugene Grygo, chief content officer, FTF News
Co-Producers: Sarah Hathaway, vice president, Financial Technologies Forum (FTF) and Eugene Grygo
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