Stellar Secure Business Platforms’ Post

🤖 𝘾𝙮𝙗𝙚𝙧 𝙘𝙡𝙤𝙘𝙠 𝙞𝙨 𝙩𝙞𝙘𝙠𝙞𝙣𝙜: 𝘿𝙚𝙧𝙞𝙨𝙠𝙞𝙣𝙜 𝙚𝙢𝙚𝙧𝙜𝙞𝙣𝙜 𝙩𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙞𝙚𝙨 𝙞𝙣 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙨𝙚𝙧𝙫𝙞𝙘𝙚𝙨 💰 As financial-services companies around the world race to keep pace with a rapidly evolving #technology landscape, they should consider not only what benefits new #emergingtechnologies offer but also what #risks they introduce. 𝙇𝙖𝙣𝙙𝙨𝙘𝙖𝙥𝙚 🌆 #Cybersecurity is a major concern for #financialservices companies, especially as they adopt new emerging technologies. While these technologies can offer exponential benefits, they can also bring #cyberrisks that companies must mitigate. McKinsey & Company's and the Institue of International Finance's (IFF) research shows that current capabilities are falling short of addressing these risks. To derisk, companies must ensure they have thought through and implemented the necessary #riskmanagement capabilities. To prioritize their adoption of emerging technologies, companies indicate considering #cloud and #edgecomputing, applied #AI, next-gen #softwaredevelopment, and #digitalidentity and #trust architecture. These four technologies are likely to see quicker adoption than others. 𝘾𝙖𝙡𝙡 𝙩𝙤 𝙖𝙘𝙩𝙞𝙤𝙣 🎯 However, companies must ensure their technology priorities are aligned with their security capabilities and that they are investing in the right technologies and cybersecurity capabilities. It's also important for companies to have the right #metrics and #reporting in place to accurately and confidently measure against their #riskappetite, provide #transparency to #regulators and #executives, and identify strengths and weaknesses. Additionally, having the right #talent to close capability gaps is crucial, not just to maintain existing capabilities now but to support future maturity and #technology expansions. As the cyber clock ticks, financial-services companies must prioritize derisking emerging technologies to ensure they can reap the benefits while mitigating the risks.

Most boards are blind to emerging tech risks. And let’s be honest - NEDs are partly to blame. AI, blockchain, cybersecurity threats - they’re boardroom blind spots. As a Non-Executive Director, our role is to anticipate and challenge, yet too often, tech innovation flies under the radar until it’s too late. 1. Adopt a Tech-Focused Mindset - Emerging tech isn’t a “nice-to-know” - it’s fundamental to risk management and opportunity spotting. Dive into industry reports and stay ahead. 2. Ask the Hard Questions - Challenge assumptions with questions like: “How is our cybersecurity posture evolving?” or “What’s our AI strategy?” Tech fluency isn’t optional; it’s critical. 3. Bring in the Experts - Most boards lack the expertise to assess tech risks comprehensively. Insist on engaging specialists or creating a dedicated tech committee. I’ve seen companies crumble because the board failed to spot how new technologies disrupted their sector. On the other hand, I’ve also watched businesses thrive when their NEDs proactively championed tech literacy and future-proof strategies. Which side of history will your board land on? What’s your approach to managing tech risks in your boardroom? P.S. If you think staying tech-savvy isn’t part of a NED’s remit, think again. Tech risk is board risk - period. Found this useful? Repost ♻️ to help your network. And follow me, Kevin McDonnell, for more like this.

As we dive deeper into 2024, it's clear that IT investments are focused on driving business growth and resilience. Key trends emerging from the data: • Cybersecurity remains paramount. • Operational efficiency and process automation are top priorities. • Emerging technologies like AI are being leveraged for competitive advantage. • Compliance and ESG are increasingly important considerations. • Talent and culture are crucial for driving innovation.

Is your company prioritising security? 🔐 As the financial sector embraces innovations like AI, blockchain, and quantum computing, cybersecurity challenges have been growing exponentially. I had a quick read through McKinsey’s recent analysis which underlines the urgency of implementing systems to manage these risks effectively. Key insights include: Integrated Security: Cybersecurity must be woven into the development lifecycle of new technologies, ensuring risks are mitigated from the ground up. C-Suite Collaboration: Strong alignment among business leaders is critical to balance innovation with security. Dynamic Resilience: Adaptive and proactive defenses are essential to protect against evolving threats. I’ve definitely seen an increase over the past year of my clients looking to prioritise cybersecurity risk not only to prevent financial losses but also reputational damage. Those that succeed will unlock innovation while building trust with customers and stakeholders. I’m looking to speak with engineers within GRC, Vulnerability Management, AppSec, Incident response and more. So, if you’re looking for a new role please get in touch 😊 Full article here: https://lnkd.in/eRjqZZB2

🚀 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

https://lnkd.in/dsetJYHg HOW TO DEAL WITH SUPPLY CHAIN RISKS IN 2025   The article offers a set of techniques for dealing with and preventing vulnerability with a list of main supply concerns in 2025: ·      GLOBAL INCREASE OF TARIFFS and tit-for-tat strategic responses among countries. Global sourcing diversification, redesign operations with flexibility and adaptability to market dynamics, localized production, and nearshoring. ·       GEOPOLITICAL CONFLICTS: Reduce exposure to areas of potential geopolitical conflicts by diversifying sourcing and monitoring with real-time data. ·      FORCED LABOR RESTRICTIONS. Select suppliers and origin of raw materials and products to prove supply chain composition transparency. ·      CYBER THREATS. Invest extensively in protection and enhance threat detection and stronger encryption to secure end-to-end supply chain vulnerability. ·      EXTREME WEATHER EVENTS. Diversify suppliers and implement real-time monitoring technologies in the entire supply chain. ·      ESG REGULATIONS. Invest in reducing carbon emissions, adopt waste management initiatives, and follow ethical labor standards. The solution is to take a proactive approach to embrace risk mitigation strategies by investing in advanced technology, such as AI, machine learning, IoT, and blockchain, to obtain real-time visibility, monitor potential risks, and identify them early to respond quickly.

🌍 Emerging Markets & Cybersecurity: A Focus on the Middle East 🔐 As businesses expand into emerging markets, the need for robust cybersecurity is more urgent than ever. Nowhere is this more evident than in the Middle East—a region known for rapid digital adoption, tech-driven innovation, and transformative opportunities across industries. 📈 Growth Potential & Digital Transformation The Middle East is emerging as a global hub for technology, digital finance, and innovation. Governments and businesses are embracing ambitious digital transformation agendas, from cloud infrastructure to smart cities and blockchain integration. This growth is creating fertile ground for new opportunities and investment, with markets ready to leapfrog traditional tech adoption curves. 🚨 The Cybersecurity Imperative With growth, however, comes risk. The region has witnessed a marked increase in cyber threats, driven by everything from geopolitical tensions to the rapid shift toward digital-first strategies. Emerging markets often face unique cybersecurity challenges—scaling protection across critical sectors like finance, energy, and healthcare requires tailored solutions that address both technical and cultural factors. 🔒 Key Priorities for the Middle East Investing in Local Talent: Building cybersecurity expertise within the region to meet demand and encourage knowledge transfer. Public-Private Collaboration: Governments and private entities must partner to create cybersecurity frameworks that ensure robust, adaptable protection. Advanced Threat Detection: Implementing AI-driven security to anticipate, detect, and respond to emerging threats. Educating Organizations & Individuals: From SMEs to large enterprises, a strong cybersecurity culture is essential to protect assets and foster growth. As digital transformation continues to reshape the Middle East, cybersecurity is not merely a safeguard—it’s a strategic advantage. Companies that prioritize it are poised to lead with confidence, knowing they can securely navigate the complexities of the digital age. 🌐✨ #Cybersecurity #EmergingMarkets #MiddleEast #DigitalTransformation #RiskManagement

🔮 The Role of Technology in Future-Proofing Your Business (Explained) The future is unpredictable, but one constant remains - technology isn’t just a tool; it’s the foundation for resilience. Too often, businesses view tech as a quick fix, but its real value lies in strategic integration. 1️⃣ Adaptability as an Advantage Tech enables flexibility. 🌐 Companies that embraced digital ecosystems thrived during the pandemic. Netflix, for example, leveraged algorithms to scale efficiently. So, similarly, reflect and see, what systems can you automate today to pivot tomorrow? 🔄 2️⃣ Data: More Than Numbers Data-driven decisions are old news - the future demands predictive analytics. It’s not about knowing what happened; it’s about knowing what’s next. Predictive maintenance in manufacturing has saved millions by preventing failures. How are you using data - reactively or proactively? 🧠 3️⃣ Cybersecurity: Proactive, Not Reactive Cybersecurity isn’t just compliance - it’s defence and recovery. The rise in ransomware and data breaches makes a strong defence mandatory, not optional. Is your business truly protected from the next wave of attacks? 🔐 4️⃣ Human Potential Unleashed by Tech AI and automation don’t replace creativity - they enhance it. Think about AI tools enabling design or product innovations. Is your team being empowered, or are they stuck in manual tasks? 🤖 5️⃣ Future-Proofing is Readiness Businesses that thrive aren’t the ones predicting trends - they’re the ones ready for anything. From cloud computing to blockchain, it’s about investing in readiness today. 🏗️ The question is, are you - your business is truly future-proof? 🤔 -------------------------------------------------------------------------- At FUNDVICE, we ensure that technology isn’t just part of your business - it’s your strategic edge. Tomorrow’s challenges require today’s innovations. ⚙️🔍 Get a hold of us today and let us be your partner in the resultful execution! #FutureProof #TechStrategy #BusinessResilience #Cybersecurity #AI #FUNDVICE #Innovation #DigitalTransformation

Ways to overcome cyber security and data privacy Digital Transformation: MNCs must adapt accounting systems to AI, blockchain, and cloud while ensuring data security and compliance. Regulatory Complexity: Navigating diverse regulations like IFRS, GDPR, and ESG reporting poses challenges. Global Economic Uncertainty: Economic volatility impacts financial performance, necessitating robust contingency planning. Sustainability Focus: Pressure mounts for integrating ESG factors into accounting practices. Cybersecurity Concerns: Protecting sensitive financial data against evolving cyber threats is critical. Financial Reporting Integrity: Maintaining accuracy amidst challenges like fraud detection and revenue recognition is essential. Talent Management: Recruiting skilled professionals and investing in talent development are key for organizational resilience.

As companies increasingly embrace digital transformation, corporate governance must evolve to address the unique challenges and opportunities posed by emerging technologies. Boards of directors and corporate leaders need to ensure that governance frameworks remain forward-looking and enough to adapt to the rapid pace of technological change. Below are key tips and insights for corporate governance in the digital age. With cyber threats on the rise, safeguarding company data and intellectual property is critical. Boards must prioritize cybersecurity by integrating it into the organization’s risk management strategy. Regular updates from IT and security teams, along with investing in the latest security technologies, help ensure that boards are equipped to oversee cyber risks effectively. 💡 Tip: Conduct annual cybersecurity audits and ensure board members are knowledgeable in emerging cyber threats. Big data and analytics are transforming how companies operate, and boards should encourage their organizations to use data-driven insights to inform strategic decisions as this enhances operational efficiency and better forecasting. 💡 Tip: Ensure your board has access to up-to-date data analytics to guide discussions on strategy and performance. Expertise in Emerging Technologies: Boards should proactively engage with emerging technologies such as artificial intelligence (AI), blockchain, and the Internet of Things (IoT). Understanding these innovations helps boards assess their potential impact on business models and competitive advantage, and it also enhances decision-making regarding investments in technology. 💡 Tip: Consider adding board members with expertise in technology or create a tech advisory panel to provide guidance on tech-related matters. Technological innovation moves fast, and companies that are slow to adapt risk falling behind. Boards must encourage a culture of proactive responsiveness and encourage management to embrace continuous innovation. 💡Tip: Boards are to hold regular strategy reviews to assess how new technologies may influence industry trends and corporate objectives. #corporategovernance #governance #emergingtechnologies #digitaltechnology #corporateleadership