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Digital Growth Summit 2024 – Tuesday October 8th, the first Digital Growth Summit was held at the High Tech Campus in Eindhoven. Erik Beulen, who teaches Information Management at The University of Manchester, set the scene by explaining that digital growth starts with adopting new business models. Aart Rupert, Chief Digital Officer at Damen and the 2023 CIO of the Year, explained how he and his team are driving digital transformation in conjunction with business representatives. Furthermore, Bouke Hoving, Global CIO of Wholesale Banking at ING and the 2017 CIO of the Year, shared the implementation of the Target Operating Model powering the digital transformation at ING. These are great case studies – lots of learnings. Additionally, Esther Schagen-van Luit, Chief Security Advisor at Microsoft, and Suzanne R. MBA. (Rijnbergen), Managing Director of Cyber Resilience at Accenture, discussed their perspectives on cyber resilience in the context of digital growth. They addressed talent management challenges and the influence of artificial intelligence on cybersecurity. Finally, Peter Kits, Partner Cyber & Tech Law at KPMG Nederland, highlighted the necessity of "regtech" and emphasized the importance of preparing for future legislation. Following the keynotes new business models, the role of ecosystems in digital growth, and opportunities and threats of artificial intelligence were discussed with a panel. Aart Rupert, Bouke Hoving, and Floor van Eijk, CISO at NN Group shared their insights. In two rounds of discussions in break-out sessions, we explored three topics in parallel. Bouke Hoving and Reza D., Head of Data Science & Analytics at Wipro discussed new business models and target operating models. Floor van Eijk addressed the second topic, innovation. The discussions focused on artificial intelligence in conjunction with cyber resilience. The session was hosted by Marc van Ogtrop, industry director at Levi9 Technology Services, and Zahier M., Cyber Security Evangelist at Check Point Software. The third track was on cyber resilience. Esther Schagen-van Luit, Suzanne Rijnbergen, and Justin Broeders MA MBI hosted these breakout sessions. All in all, the Digital Growth Summit was an excellent warm-up for the upcoming #CIODAY2024 on November 19th – please register here: https://lnkd.in/dcJusSbq

Digital Growth Summit 2024 – Tuesday October 8th, the first Digital Growth Summit was held at the High Tech Campus in Eindhoven. Erik Beulen, who teaches Information Management at The University of Manchester, set the scene by explaining that digital growth starts with adopting new business models. Aart Rupert, Chief Digital Officer at Damen and the 2023 CIO of the Year, explained how he and his team are driving digital transformation in conjunction with business representatives. Furthermore, Bouke Hoving, Global CIO of Wholesale Banking at ING and the 2017 CIO of the Year, shared the implementation of the Target Operating Model powering the digital transformation at ING. These are great case studies – lots of learnings. Additionally, Esther Schagen-van Luit, Chief Security Advisor at Microsoft, and Suzanne R. MBA. (Rijnbergen), Managing Director of Cyber Resilience at Accenture, discussed their perspectives on cyber resilience in the context of digital growth. They addressed talent management challenges and the influence of artificial intelligence on cybersecurity. Finally, Peter Kits, Partner Cyber & Tech Law at KPMG Nederland, highlighted the necessity of "regtech" and emphasized the importance of preparing for future legislation. Following the keynotes new business models, the role of ecosystems in digital growth, and opportunities and threats of artificial intelligence were discussed with a panel. Aart Rupert, Bouke Hoving, and Floor van Eijk, CISO at NN Group shared their insights. In two rounds of discussions in break-out sessions, we explored three topics in parallel. Bouke Hoving and Reza D., Head of Data Science & Analytics at Wipro discussed new business models and target operating models. Floor van Eijk addressed the second topic, innovation. The discussions focused on artificial intelligence in conjunction with cyber resilience. The session was hosted by Marc van Ogtrop, industry director at Levi9 Technology Services, and Zahier M., Cyber Security Evangelist at Check Point Software. The third track was on cyber resilience. Esther Schagen-van Luit, Suzanne Rijnbergen, and Justin Broeders MA MBI hosted these breakout sessions. All in all, the Digital Growth Summit was an excellent warm-up for the upcoming #CIODAY2024 on November 19th – please register here: https://lnkd.in/dcJusSbq

🚀 Exciting Insights from the Latest Report on Derisking Emerging Technologies in Financial Services 🚀 Financial institutions are at the forefront of adopting cutting-edge innovations in an era where technology evolves at lightning speed. However, with great power comes great responsibility, especially in cybersecurity. A recent collaborative report by McKinsey & Company and the Institute of International Finance (IIF) sheds light on how the financial sector navigates the waters of emerging technologies and the cyber risks they bring. 🔍 Key Highlights: - Based on a survey of 37 global financial institutions, the report explores the adoption of technologies like cloud computing, quantum computing, and AI, emphasizing their potential alongside inherent cyber risks. - It reveals a pressing need for more robust foundational cybersecurity capabilities to mitigate these risks effectively. - Surprisingly, there's a significant gap between the perceived importance of cybersecurity investments and actual spending. - Critical capability gaps identified include third-party management, IAM, PAM, cloud security, and data life cycle management. 📈 The Future is Now: The report calls for immediate action to future-proof our financial environment as we embrace technologies that promise exponential benefits. It stresses the importance of aligning technology investments with security capabilities, enhancing metrics and reporting, and addressing talent and technology gaps. 💡 Takeaway: The financial services industry stands at a crossroads between innovation and security. This report serves as a crucial wake-up call, urging institutions to bolster their defenses and ensure sustainable growth in the digital age. Let's engage in a meaningful dialogue on how we can collectively navigate these challenges and seize emerging technologies' opportunities. Your thoughts and experiences are invaluable as we chart the course towards a secure and innovative financial future. I highly recommend reading the full report #FinancialServices #Cybersecurity #EmergingTechnologies #DigitalTransformation #Innovation Veblen Director Programme Callum Laing Nam Phong Ho Hadi B. Michel Haddad Ignite Your Leadership Journey

BY MCKINSEY & COMPANY: The cyber clock is ticking: Derisking emerging technologies in financial services! As financial institutions actively adopt emerging technologies, they should act now to future-proof themselves against growing cyber risks. pace with a rapidly evolving technology landscape, they should consider not only what benefits new emerging technologies offer but also what risks they introduce. To understand how companies are grappling with the best ways to use and protect the technologies of today and tomorrow, McKinsey partnered with the Institute of International Finance (IIF) to survey financial institutions around the world regarding their current and planned usage of ten key emerging technologies. (For details on research methodology, including the short-listing of top technology trends, based on global industry trends, see “Appendix: Approach and methodology.”) How are companies approaching emerging technologies? What emerging technologies are they adopting? How do they plan to secure and mitigate the associated cyber risks? What cybersecurity capabilities will be needed to successfully adopt and secure new technologies? Share Sidebar Appendix: Approach and methodology Of the emerging technologies included in the survey (see sidebar “Ten emerging technologies”), a majority of financial-services companies indicated that they are prioritizing adoption of and investment in four of them: cloud and edge computing, applied AI, next-gen software development, and digital identity and trust architecture (Exhibit 1). All four technologies are likely to see quicker adoption than advanced connectivity, future mobility, immersive reality, quantum, machine learning, and Web3. This is perhaps because of their widespread applicability and maturity, as well as their proven, value-based use cases for financial-services companies. Exhibit 1 We strive to provide individuals with disabilities equal access to our website. If you would like information about this content we will be happy to work with you. Please email us at: McKinsey_Website_Accessibility@mckinsey.com Share Sidebar Ten emerging technologies While these technologies can provide exponential benefits, they can also bring cyber risks that companies must mitigate using their existing cybersecurity capabilities. The research shows that current capabilities are falling short of addressing these risks. Most survey respondents also recognize the need to strengthen critical cybersecurity capabilities, including third-party or supply chain management and privileged access management (PAM). As companies continue to increase their reliance on newer technologies, they must ensure they have thought through and implemented the necessary risk management capabilities. Otherwise, they may find the risks outweigh the benefits. As the technology ..... https://lnkd.in/eCj8sHx2

Financial institutions are rapidly adopting emerging technologies, necessitating proactive measures to mitigate growing cyber risks. This is a must-read report irrespective of where you or your organization are on the continuum of adopting emerging technologies.   Key Findings: - Cloud computing, applied AI, next-gen software development, and digital identity are prioritized by most institutions due to their proven value and maturity. - Despite the benefits, emerging technologies introduce cyber risks, surpassing current cybersecurity capabilities. - Critical cybersecurity capabilities such as third-party management and privileged access management are lacking. - Financial institutions need to assess their technology priorities, aligning them with cybersecurity capabilities and investing in metrics, reporting, talent, and regulatory compliance. - Emerging technologies like quantum computing, future mobility, and immersive reality are not yet widely adopted due to longer adoption timelines. - Cloud migration, applied AI, next-gen software development, and trust architecture each bring unique risks requiring robust cybersecurity measures. - Companies acknowledge the need for increased cybersecurity spending and talent to address capability gaps.   Implications: - Compliance and defense against threats are driving cybersecurity capability maturity. - Financial institutions recognize the necessity to increase cybersecurity spending to address emerging risks adequately. - Talent acquisition and upskilling are crucial for closing cybersecurity capability gaps.   As financial institutions integrate emerging technologies, they must enhance their cybersecurity capabilities to effectively mitigate associated risks. Prioritizing investments in critical cybersecurity areas and aligning technology priorities with security measures will be essential for future-proofing against evolving cyber threats. #emergingtech #financialinstitutions #cyberrisk #riskmanagement McKinsey & Company

👨💻 STAY TUNED FOR AN IMPORTANT NOTE ON QUANTUM 👩💻 💸 ICYMI - - Capgemini published a comprehensive report called "Embracing A Brighter Future: Investment Priorities for 2024". ❓ So, what are the key take-aways & why should you care? ✅ 61% of Business Leaders Consider #Cybersecurity Threats to Be a Leading Risk to Business Growth in 2024 ✅ Anticipated Investments in #DigitalTransformation Will Reach or Exceed 80% (Manufacturing - incl Industrial, Utilities, Retail, Banking/Finance) ✅ Energy & Utilities Are Leading the Charge to Invest in Emerging Economies to Reduce Supply Chain Reliance on China ☝ BUT WAIT - THERE'S MORE ☝ 44% of Technology Leaders Surveyed Say That Their Cybersecurity May be Compromised if They Fail to Become Quantum-Safe (i.e. Resistant to Quantum as Well as Traditional #Cyberattacks) in the Near Future. LinkGuard™ is #Quantum Resistant! So, for the 61% who fear the impacts of cybersecurity issues on their business growth, and the 44% who are actually aware of the value of quantum resistance, the first line of #cyberdefense is LinkGuard. https://lnkd.in/gN_Aagbm #CyberCloak

Smart IT Solutions for a Future-Ready Business The digital race is accelerating, and 2024 is shaping up to be the year where AI-driven automation and edge computing will push businesses beyond their traditional limits. At ABNTechCorp, we’re developing intelligent IT solutions that harness the power of data in real-time, automate critical processes, and future-proof your operations. The future is no longer just cloud-based—it’s a fully connected digital ecosystem. Are you ready to transition? Don’t get left behind in the digital transformation race. Let ABNTechCorp help you embrace the smart IT solutions that will keep you ahead of the curve. #cybersecurity2024 #techstrategy #nextleveldefense #smartitsolutions #nextgeninfrastructure #futureproof #networksecurity #bigdatapower #smartautomation #advancedcybersecurity #5gfuture #predictiveanalytics #abntechcorp #digitaltransformation #itchallenges #zerotrust #cyberthreats #techrevamp #cyberdefense #digitalfuture #itinfrastructure #futurebusiness #trailblazingsecurity #bigdataanalytics #automationinnovation #cybersecuritysolutions #5gopportunities #empoweringdigital #itdominance #zerotrustsecurity

“…more than 80% of all executives indicate that they are making the biggest day-to-day investments in cybersecurity technology…” “…study also revealed that firms with a decentralised approach to innovation are more likely to be leaders in transformation…” “Only 28% of all executives surveyed have reached the advanced stages of implementing a digital skills and talent strategy. That represents a year-on-year increase of 4 percentage points…” https://lnkd.in/e-Pzz4Hr #digitaltransformation #talent

Here's my 2024 LinkedIn Rewind, by Coauthor: In 2024, I saw firsthand how cybersecurity shifted from afterthought to #CEO priority. From #DORA implementations to AI infrastructure, the boundaries between tech excellence and business survival disappeared. Key transformations we drove: • Advanced Security Academy to become Europe's largest security awareness program, reaching unprecedented scale in mBank S.A. • Secured NVIDIA AI Infrastructure certification and BSI ISO 27001 IA certification, bridging security with AI governance • Fundacja IT Leader Club Polska recognized by #AACSB - validating our approach to integrating business and technical excellence • Pioneered implementation frameworks for DORA and NIS2 regulations Three posts that resonated most deeply with our community: "Why IT Needs Rigorous Standards: Lessons from Building Regulations" On bringing construction-grade rigor to IT infrastructure "What if IT was regulated with the same precision as the construction sector? How would this change the landscape of system architecture, especially for critical systems?" https://lnkd.in/gjVvgB4E "New NIS2 Implementation Rules: Cybersecurity Impact" Detailed analysis of EU cybersecurity requirements starting October 2024 https://lnkd.in/gNkp6AHR "EU Takes on AI Regulation" Breaking down AI Act implications and compliance requirements https://lnkd.in/gV5gcWWb As #DORA and #AI regulations reshape financial services in 2025, our focus shifts to implementing practical security frameworks that enable innovation while protecting critical infrastructure. The era of treating security as a checkbox exercise is over. To the mBank S.A. Security Academy team, particularly Szymon Wiśniewski and everyone at Fundacja IT Leader Club Polska: your dedication made 2024 transformative. #Cybersecurity #DORA #AIGovernance #SecurityLeadership #DigitalTransformation #LinkedInRewind

📝 The article from McKinsey & Company emphasizes the critical need for financial institutions to proactively manage cyber risks associated with the adoption of emerging technologies. It highlights that as these technologies offer significant benefits, they also introduce new cyber risks. Some metrics from the article: ✅ Cloud and Edge Computing: 84% of financial services companies prioritize this, recognizing its applicability and value. ✅ Applied AI: 78% see this as relevant to their operations. ✅ Next-Gen Software Development and Digital Identity: Around 73% and 70% of respondents, respectively, find these technologies applicable. ✅ Underspending in Cybersecurity: A significant portion of respondents believe they are not investing enough in cybersecurity capabilities. ✅ Cybersecurity Spend Relative to IT Budget: On average, financial services companies allocate 13% of their IT budget to cybersecurity. ✅ Anticipated Increase in Cybersecurity Spending: Especially noted in Tier 2 banks, expected to see the largest growth in cybersecurity budget relative to their IT budget. ❗️Financial institutions should lay the foundation for action by asking themselves the following four questions about their pursuit of emerging technologies: ✅ Do we have the right technology priorities, and are they aligned with our security capabilities? Expansion into newer technologies, such as the cloud and applied AI, usually means greater reliance on third-party services. Companies should reflect on their capabilities and the maturity of their security before introducing any technology. The third-party risk management capability warrants special attention. ✅ Do we have the right metrics and reporting? Whether to satisfy regulators or to hold teams accountable, finserv companies need transparent, value-based metrics for managing cyber risks. They can aid in monitoring performance, informing decisions, and identifying emerging issues for quick action. These metrics should measure cyber risk from an emerging-technology perspective and be reported appropriately to the right stakeholders, including board members and executives, lines of defense, and the risk management team. ✅ Are we investing in the right things? Decisions on technology investments should take security capabilities, especially IAM capabilities, into account. The growing risk of security breaches and the looming need for regulatory compliance shine a spotlight on these capabilities. ✅ Do we have the right talent and technology to close capability gaps? Every organization needs to invest in talent, but hiring and retaining the right talent is a challenge and calls for exploring other ways to fill the talent gap, such as utilizing emerging technologies themselves, including AI. 👉 https://lnkd.in/dg7fkmv3 #riskmanagement #AI #technology #fintech #cybersecurity