In this captivating episode of the Analytics Insight Podcast, Reuben Koh, Director of Security Technology & Strategy, APJ at Akamai Technologies, shares his expert insights into the evolving role of cybersecurity in India’s financial services sector. With the rapid adoption of digital technologies, the financial industry faces a dual challenge: accelerating innovation while safeguarding sensitive data from evolving cyber threats.
Reuben dives deep into the pressing need for robust cybersecurity frameworks as the backbone of digital transformation in financial services. He elaborates on how emerging technologies, like multi-layered web application firewalls (WAFs), AI-powered threat detection, and zero-trust security models, are redefining the way financial institutions protect their digital assets.
The conversation highlights key trends driving the adoption of cybersecurity in finance, including the surge in digital payment platforms, open banking initiatives, and the increasing integration of blockchain for secure transactions. Reuben emphasizes how Akamai’s advanced solutions empower financial institutions to mitigate risks while maintaining seamless operations.
Reuben also sheds light on the unique challenges India’s financial sector faces, such as the rise in phishing attacks, data breaches, and Distributed Denial of Service (DDoS) attacks on banking networks. He discusses how Akamai's edge security solutions, threat intelligence, and innovative strategies have helped institutions stay ahead of sophisticated cybercriminals.
The discussion transitions to the future of cybersecurity in finance, where Reuben outlines the importance of building resilient systems through collaboration between technology providers, government regulators, and financial leaders. He envisions a future where automation and AI will play a pivotal role in detecting and neutralizing cyber threats in real-time, ensuring uninterrupted financial operations.
For organizations striving to adopt advanced cybersecurity measures, Reuben provides actionable advice on investing in secure architecture, training employees on cybersecurity best practices, and embracing a proactive approach to cyber risk management.
This episode is a must-listen for professionals in financial services, technology enthusiasts, and anyone keen on understanding how cybersecurity will shape the future of finance. Catch the full discussion with Reuben Koh on the Analytics Insight Podcast today!