Updated on October 25, 2023
If you follow tech industry news, you’re probably aware of a lot of high-profile cyber attacks. Like when hackers paralyzed the Colonial Pipeline or when the source code for CD Projekt Red’s games was stolen from their servers.
It’s not just code that’s at risk of being stolen—there’s also critical data. Without data, you can’t optimize operations, personalize ads and services, or automate any process. You’re pretty much stuck. And this goes double for financial data because of its highly sensitive nature.
So how can you, as a manager in a finance or fintech organization, protect your business against cyber threats, security vulnerabilities, and cyberattacks? How to prevent data breaches?
We’ll explore this problem from a management perspective, so don’t expect a technical guide for programmers implementing cybersecurity practices from this text. Rather, it’s a broad-picture business overview of best practices for cybersecurity in finance and fintech.
This article is based on the second live session in our Tech Leaders Hub series, where top cybersecurity expert Aleksander Czarnowski discussed the pitfalls that could end your business. If you’d rather hear him talk about it, we encourage you to watch the recording itself: