08 May 2025 | Thursday | News
Picture Courtesy | Public Domain
Growing concerns over operational and cyber resilience were the major theme of the SIFMA Ops 2025 conference, a gathering of top operations and technology leaders from across the capital markets ecosystem.
The threat landscape is only becoming increasingly more sophisticated with artificial intelligence and other new tools to automate attacks. With high-profile data breaches, ransomware attacks, and system failures happening more frequently the importance of being prepared and protected against these growing risks has never been more important.
Broadridge's recently released Digital Transformation & Next-Gen Technology Study found that 83% of firms have made cybersecurity a strategic imperative, and nearly 90% are making moderate to large investments in cybersecurity this year. This theme around operational and cyber resiliency was echoed in remarks by Broadridge CEO, Tim Gokey, and other industry leaders throughout the conference.
"The combination of higher volatility, shorter settlement cycles, and the growing risk from cyber bad actors, have made operational and cyber resilience a critical priority for our financial services clients," said Neha Singh, Broadridge's Head of Post-Trade Transformation at Broadridge Financial Solutions. "It's no longer a conversation about if a cyber event will happen, but how prepared they will be for recovery when it does, which is why nearly 50% of our post-trade clients have adopted our enhanced cyber recovery solution"
Fintech Business Asia, a business of FinTech Business Review
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