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Most banks are in some stage of digital transformation initiatives that help them stay relevant in a highly competitive market. In fact, McKinsey & Co. estimates that "digital laggards" could see over a third of their net profit erode, while the leaders could realize a profit upside of 40% or more.
But as financial institutions charge ahead with their adoption of digital channels for front-end sales, marketing, back-end operations and customer interaction, they must not ignore the dramatic increase in cyber security risk their digital transformation introduces.
Join RiskIQ to learn about the ways cybercriminals could exploit banks' increased digital presence, and how to manage these enhanced levels of risk while realizing the benefits of your innovation.