Latest opinions that Scott Cutler has shared on Finextra

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Scott Cutler

Director,

Fortinet

Member since

09 Aug 2018

Location

London

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Scott's opinions

The new small branch office

Remote working saw a spike like never before during the first half of 2020, with workers across the globe forced out of the office and into lockdown to curb the spread of Covid-19. There wasn’t a single industry that went unaffected by the pandemic, but financial services in particular witnessed a huge change in the way it functions. Thanks to har...

14 April 2021 /security /crime Information Security

Why cloud might not be a simple solution for your Financial Services business

As businesses scrambled to enable more flexible and remote working environments, embracing digital capabilities has become essential for all in 2020. The corporate world has been working around the clock to keep business functioning as usual amid the crisis and this was undeniably more difficult for some. In the Financial Services (FS) industry, f...

18 January 2021 /security /cloud Information Security

Putting a price on protection: the importance of cyber insurance

For almost as long as businesses have been subject to risk, some form of insurance has existed to mitigate their exposure. The first recorded commercial insurance policies date back to Babylonian times, and in the thousands of years since, the types of business cover available have multiplied exponentially, driven by the uptake of technology. It’s...

23 March 2020 /security Information Security

Three’s a crowd: why third-party vendors are both an opportunity and a threat

From social media apps to exercise tracking and online shopping, today consumers are producing data at an unprecedented rate and businesses of every type are under pressure to ensure the safety of that data and maintain customer trust. But there are few types of data more sensitive than financial information – which means businesses in the financi...

18 December 2019 /security Information Security

More than the sum of parts: why collaboration is key to security in financial services

From “The Italian Job” to “Point Break”, “Bonnie and Clyde” to “Baby Driver”, many of the most popular heist movies are about bank robberies. As it is in fiction, so it is in fact; when bank robberies happen, they are the source of interest, intrigue and impact. And as the majority of the world’s financial information lives and moves online, moder...

14 November 2019 /security Information Security

FS organisations require a more sophisticated level of threat protection, here’s why

The financial services industry continues to be a prime target for cyber criminals. The opportunities available to steal payment card data, online banking accounts, compromise ATM machines using ransomware, cryptomining, and other malware, is simply too tempting. And the rate and sophistication of attacks is only getting more difficult to manage a...

10 September 2019 /security /regulation Information Security

The Cyberthreat Trends the Financial Sector Needs to Follow

By Scott Cutler, Director, Sales - UK&I MAM at Fortinet For cybercriminals, a successful cyberattack has the potential to bring significant financial gain. Capitalising on the theft of information, whether credit card or banking data or the selling of personally identifiable information (PII) on the dark web, ultimately involves exploiting

30 January 2019 /security Financial Risk Management

Recognising and Preventing Multi-Cloud Security Risks Within the Financial Services Sector

The past few years have seen cloud adoption soar as organisations have begun to fully understand the benefits that the cloud can offer in terms of storage, flexibility, scalability and cost savings. Within the financial sector, according to KPMG, shifting back-office functions to the cloud allows banks to achieve savings of between 30 and 40 per

04 December 2018 /security /retail

The Growing Threat of Cryptomining

It seems like the whole world is talking about bitcoin, cryptocurrencies and blockchain technology – around dinner tables, at the pub, and even in government meetings. It has also become a hot topic in boardrooms, where discussions around bitcoin aren’t just focused on its ever-fluctuating value. For many organisations, the focus is around how c

05 October 2018 /security Futuristic Banking

Protecting Financial Services from the Risks of Mobile Payments

The financial services sector is a high-value target for hackers, and therefore faces daily attacks that attempt to bypass defences protecting a growing number of attack vectors. A staggering 36 per cent of these attacks result in data loss. This growing risk comes at a time when financial services firms are turning their focus to innovating new

05 October 2018 /payments Transaction Banking

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