Standardisation a critical ingredient for financial cybersecurity

The consolidation of systems and efforts to achieve standardisation across organisations have become increasingly important for financial organisations to achieve greater control and lower the risk of cyberattacks, says industrial technology firm Johnson Controls Africa Building Efficiency GM Neil Cameron. High levels of digital disruption in the financial sector have prompted new business models to emerge, ushering in new, more digital and virtual means of engaging with customers, as well as a bigger focus on customer experience. This has made securing the business, its assets, people and customers a multifaceted challenge.