Security Transformation in Financial Services Summit 2024

Security Transformation in banking and Financial Services refers to the process of implementing new security measures and technologies in order to protect financial institutions and their customers from cyber-attacks and other security threats. This can include a wide range of activities such as upgrading network and data security, implementing two-factor authentication, strengthening access controls, and implementing security analytics to detect and respond to threats in real-time.

What are the most advanced innovative Security practices in the Financial Sector? Artificial Intelligence and Machine Learning: These technologies are being used to analyze large amounts of data and detect patterns that may indicate a security threat, such as unusual account activity or network anomalies.

How AI and Machine Learning can be harnessed in preventing and detecting fraud in Banking & FS? Artificial Intelligence (AI) and Machine Learning (ML) can be harnessed in a number of ways to prevent and detect fraud in the banking sector.