Well worth a read. Accenture’s survey with 49,000 respondents across 39 countries, highlighting the concern of banking customers over the ability of

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Well worth a read. Accenture’s survey with 49,000 respondents across 39 countries, highlighting the concern of banking customers over the ability of their banks to secure their personal and financial data.The report highlights that trust in main banks is strong their is increasing mistrust in the security of the overall banking sector. With trust in digital, traditional banks, technology companies and other financial services mainly under 50%. ‘This represents an important gap in consumer trust for banks’ critical third parties and the banking ecosystem, as a whole’Overall transparency of cyber incident reporting is also very low, with only 28% believing that their banks effectively communicate their cybersecurity practices.83% of banks surveyed reported that they were finding it difficult to keep pace with new technologies, reliant on third party suppliers and find it difficult to align security measures with the pace of technological change such as that created by AI. Banks are also finding it difficult to oversight and assure their third parties compliance to cybersecurity.@Thaddeus Dziekanowski Brian D. McCarthy Faisal KhanVeritas GRC#cybersecurity #cyberriskmanagement #cyberregulation #artificialintelligence

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