State of Cybersecurity: Financial Services (2021)

Presented by

Ian Porteous, Host | Pardeep Bassi, Insurance | Rishi Srivastava, Microsoft | Avi Rembaum, Peter Mills, Check Point

About this talk

The average cost of a data breach in the financial services sector tops $5 million USD, which is higher than the average cost across all other sectors (at $3.86 million USD). Against the backdrop of a global pandemic, businesses experienced significant disruptions, underwent technological transformations and had to rethink plans for sustainable, long-term growth. Banks and insurance firms were no exception. New opportunities arose all around. However, cyber criminals often capitalized on available opportunities before legitimate enterprises could do so. As a result, organizations have suffered. Nearly 75% of banks and insurance groups have reported a spike in cybercrime. With skeleton staffing and slashed budgets, cyber threats are ravaging the finance sector. Join this panel discussion to hear insights from FSI security leaders and learn more about: - FSI cybersecurity threats and trends in 2021 and beyond - Digital transformation in the FSI sector, and the associated cyber risks - Key tools to secure your sensitive data and critical infrastructure - Lessons learned and best practices to strengthen the security of your endpoints, networks, and cloud environments Panelists: - Pardeep Bassi, Chief Data Science Officer, Leading Insurance organisation in the UK - Rishi Srivastava, Head of Digital Advisory - Wealth and Capital Markets and Data & AI Adoption Lead for strategic accounts, Microsoft - Avi Rembaum, VP Field Operations and Solutions, Check Point Technologies Software Ltd.

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Check Point Software Technologies Ltd. ( is a leading provider of cyber security solutions to corporate enterprises and governments globally. Check Point Infinity’s portfolio of solutions protects enterprises and public organizations from 5th generation cyber-attacks with an industry leading catch rate of malware, ransomware and other threats. Infinity comprises three core pillars delivering uncompromised security and generation V threat prevention across enterprise environments: Check Point Harmony, for remote users; Check Point CloudGuard, to automatically secure clouds; and Check Point Quantum, to protect network perimeters and datacenters, all controlled by the industry’s most comprehensive, intuitive unified security management; Check Point Horizon, a prevention-first security operations suite. Check Point protects over 100,000 organizations of all sizes.