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Digital banking provides faster processing of financial transactions, more convenience, and a model that allows for the continuation of a financial industry even in the face of a pandemic. However, digital banking makes banks vulnerable to cyberattacks. Banks are now facing fresh security challenges that were brought on or affected by COVID-19. Here is what you need to know about them and how to protect yourself.

We spoke to John Scimone, Dell’s Chief Security Officer, who runs a converged organization, combining physical and cybersecurity, about how he has personally navigated a culture of convergence and digital transformation at Dell. 

No matter how much the economic situation changes, prompt detection and response to cyber threats must remain a core priority for your organization. The ability to spot and address incidents in their early stages will help you avoid data breaches and their unpleasant consequences, including business downtime, lost revenue, costly security investigations and fines from regulatory bodies. As a result, you can save your budget for mission-critical tasks that will bring your organization value in the long run.