??? HOW TO PROTECT YOUR FINANCIAL INSTITUTIONS FROM CYBER-ATTACKS ? ???

?? First of all, it is to ensure, whether inherent risks have been identified & assessed? if the #policy & #strategy have been developed to mitigate the residual #risks , what is the organizations risk appetite? since the matter requires immediate focus so the independent internal or external audit have to be engaged. if the situation or #audit outcome suggest for further control, then the services of cyber security consultant need to be available & team should be assigned with a task to work on risk #remediation plan to avoid further risks.

??? EDUCATE YOUR STAFF ???

New #technologies bring with them sophisticated solutions as well as sea of risks, hence, it is pertinent to train the staff, who become instrumental in bringing risk within the organization. they must be made aware on cyber #threats , #techniques & #vulnerabilities such as #phishing , #malware , or #socialengineering . they can be trained through different medium, training in person, e-learning, team meetings, #emails , training flyer, videos, games, #webinars & #podcasts etc.

???? TEST YOUR SYSTEM ????

Business & #risk go hand in hand, implementation of unbreakable #controls is vital to the success of any business enterprise, there is always greater need to devise plans, make #policies & deploy #controls to ensure smooth operations & services. Businesses should initiate preventive measure instead of reactive to avoid cyber attacks. This approach will reap the fruit & make the businesses grow at fast pace.

#awarenesstraining #amlcompliance #cyberattacks #fincrime

Disclaimer: The views and opinions expressed in this content are solely those of the author and do not reflect the position of the organization(s) the author affiliated with.?This article is solely for academic & knowledge sharing purpose and does not constitute any professional advice or partial opinion.

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