A successful data ecosystem thrives on the fact that both the organisation and the customer understand how their data is collected, stored and used. Since the introduction of GDPR five years ago, the focus has shifted from purely compliance to a second line of defence – a more operationally effective privacy programme, privacy by design.

However, as advances in technology allows for rich, personal data sets to be developed, financial services organisations ultimately take on bigger risk in terms of protecting people’s data. Therefore, a robust cyber security strategy is critical in the fight against the cyber threat landscape targeting the financial services sector.

In this edition of our FinSight | Future Focus video series, Vaibhav Malik, Partner – Risk Advisory, Nicola Flannery, Director – Risk Advisory, and Noel Comerford, Director – Risk Advisory, explore key themes and trends in the world of data privacy in the financial services sector, how to build a successful cyber strategy, and how financial institutions are dealing with the cyber threat landscape.

Our video was filmed in March 2023.

Key takeaways from the discussion:

The privacy opportunity

Cyber targets

Cyber resilience

Cyber-attack